2018-10-15

DGAP-News: Dr.-Ing. Jürgen Reinert appointed Chief Executive Officer of SMA - Pierre-Pascal Urbon Leaves Company

DGAP-News: SMA Solar Technology AG / Key word(s): Change of Personnel
Dr.-Ing. Jürgen Reinert appointed Chief Executive Officer of SMA -
Pierre-Pascal Urbon Leaves Company

15.10.2018 / 14:35
The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG-Corporate News

Dr.-Ing. Jürgen Reinert appointed Chief Executive Officer of SMA -
Pierre-Pascal Urbon Leaves Company

Niestetal, October 15, 2018 - The Supervisory Board of SMA Solar Technology
AG (SMA/FWB: S92) reduces the number of Management Board members. Dr.-Ing.
Jürgen Reinert becomes the new Chief Executive Officer and will in future be
responsible for Sales and Service in addition to Technology and Operations.
Ulrich Hadding will continue to be responsible for Finance, Human Resources
and Legal Affairs and will assume responsibility for Investor Relations.
Pierre-Pascal Urbon will leave the company at the end of the year at his own
request and has resigned from the Management Board in agreement with the
Supervisory Board. He has been a member of the Management Board of SMA since
2006 and Chief Executive Officer since 2011.

Dr.-Ing. Jürgen Reinert (50) becomes Chief Executive Officer of SMA with
immediate effect. He succeeds Pierre-Pascal Urbon (47), who is leaving the
company at his own request as of December 31, 2018.

Pierre-Pascal Urbon has been with SMA since October 2005, has been a member
of the Management Board since July 2006 and Chief Executive Officer of SMA
since June 2011. Under his leadership, SMA has developed into an
international, technologically leading company. Pierre-Pascal Urbon designed
SMA's IPO in 2008, the acquisition of the Chinese competitor Zeversolar in
2012 and the strategic alliance with Danfoss A/S in 2014. He was
significantly responsible for the internationalization of SMA and the
restructuring in 2015. Pierre-Pascal Urbon has adapted SMA's corporate
strategy to a market environment no longer depending on government
subsidies. By expanding into the systems and solutions business as well as
energy services, SMA intends to develop into higher-margin business
segments.

Dr. Erik Ehrentraut, Chairman of the Supervisory Board of SMA, says: \"We
thank Pierre-Pascal Urbon very much for his successful commitment to SMA
over the past 13 years. He has shaped the company and made a significant
contribution to its success in recent years. I very much regret that he is
leaving SMA. I wish him all the best in his professional and private life as
well as continued success.\"

Peter Drews, SMA founder and member of the Supervisory Board, adds:
\"Pierre-Pascal Urbon has played a major role in the successful IPO, the
company acquisitions of recent years and the strategic reorientation, thus
contributing to SMA's strong strategic and financial position. The SMA
founders thank him for his very good performance.\"

Jürgen Reinert has been with SMA since 2011 and a member of the Management
Board since 2014. He was previously responsible for Development, Operations
and the Business Units. Before joining SMA, he worked for Emotron AB in
Sweden from 1999 to 2011. He studied electrical engineering in South Africa
and earned his Ph.D. at the Institute for Power Electronics and Electrical
Drives (ISEA) at RWTH Aachen University.

Erik Ehrentraut comments: \"I am delighted to have found the ideal successor
in Jürgen Reinert. He has already been a member of the SMA Management Board
for 5 years. During this time he has proven himself to be an outstanding
manager and experienced entrepreneur. He played a decisive role in shaping
the strategy towards becoming an energy service provider and the associated
innovations. For this reason, too, we are confident that the experience and
expertise of the Management Board will ensure the positive future of the
company. With Jürgen Reinert as Chief Executive Officer we are counting on
continuity in the management of the company. He enjoys the full confidence
of the Supervisory Board and I look forward to continuing to work with him
in his new, expanded and even more responsible role.\"

About SMA
The SMA Group with sales of around EUR900 million in 2017 is a global leader
for solar inverters, a key component of all PV plants. SMA offers a wide
range of products and solutions that allow for high energy yields for
residential and commercial PV systems and large-scale PV power plants. To
increase PV self-consumption efficiently, SMA system technology can easily
be combined with different battery technologies. Intelligent energy
management and digital energy solutions, comprehensive services and
operational management of PV power plants round off SMA's range. The company
is headquartered in Niestetal, near Kassel, Germany, is represented in 19
countries and has more than 3,000 employees worldwide, including 500 working
in Development. SMA's multi-award-winning technology is protected by more
than 1,200 patents and utility models. Since 2008, the Group's parent
company, SMA Solar Technology AG, has been listed on the Prime Standard of
the Frankfurt Stock Exchange (S92) and is listed in the SDAX index.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
Presse@SMA.de

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
Presse@SMA.de

Disclaimer:
This corporate news serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the \"Company\") or any present or future
subsidiary of the Company (together with the Company, the \"SMA Group\") nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended.

This corporate news can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They also
include statements about our assumptions and expectations. These statements
are based on plans, estimations and forecasts which the Managing Board of
SMA Solar Technology AG (SMA or company) has available at this time.
Future-oriented statements are therefore only valid on the day on which they
are made. Future-oriented statements by nature contain risks and elements of
uncertainty. Various known and unknown risks, uncertainties and other
factors can lead to considerable differences between the actual results, the
financial position, the development or the performance of the corporation
and the estimates given here. These factors include those which SMA has
discussed in published reports. These reports are available on the SMA
website at www.SMA.de. The company accepts no obligation whatsoever to
update these future-oriented statements or to adjust them to future events
or developments.


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15.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange



End of News DGAP News Service
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733625 15.10.2018

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

Fax +49 561 9522-1133