2019-09-10

Ilonka Nussbaumer Takes Over From Reiner Wettlaufer on SMA Supervisory Board

DGAP-News: SMA Solar Technology AG / Key word(s): Personnel
SMA Solar Technology AG: Ilonka Nussbaumer Takes Over From Reiner Wettlaufer
on SMA Supervisory Board

10.09.2019 / 09:50
The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG Corporate News

Ilonka Nussbaumer Takes Over From Reiner Wettlaufer on SMA Supervisory Board

Niestetal, September 10, 2019 - Kassel District Court appointed Ilonka
Nussbaumer, Senior Vice President and Head of Human Resources at Danfoss, as
a member of the Supervisory Board of SMA Solar Technology AG (SMA/FWB: S92).
The new shareholder representative was appointed after Reiner Wettlaufer,
co-founder, former CFO and long-standing Supervisory Board member of SMA,
stepped down for personal reasons. Ilonka Nussbaumer will bring in
particular her international management experience in the field of human
resources to the Board.

\"We would like to thank Reiner Wettlaufer for his many years of dedicated
work on the Supervisory Board,\" said Dr. Erik Ehrentraut, Chairman of the
Supervisory Board of SMA Solar Technology AG. \"As one of the four founders
of SMA, Reiner Wettlaufer has dedicated his entire professional career to
the company and applied his outstanding financial and technical expertise to
play a key role in SMA's development into a world-leading specialist in
photovoltaic systems technology. Furthermore, Reiner Wettlaufer has also
contributed to establishing a unique cooperative and transparent corporate
culture since the company was founded, without which the company's economic
success would not have been conceivable. The Supervisory Board deeply
regrets to see Reiner Wettlaufer go but respects his decision. We are
pleased that Ilonka Nussbaumer, an extremely competent and highly qualified
individual, will succeed him as a member of the SMA Supervisory Board. She
is an internationally experienced manager with outstanding knowledge,
particularly in the field of human resources, from whom SMA can enormously
benefit on its path to becoming a system and solution provider.\"

Since February 1, 2019, Ilonka Nussbaumer has been Senior Vice President and
Head of Human Resources at Danfoss (Nordborg, Denmark), a world-leading
provider of technologies for various industries that employs more than
25,000 people in over 100 countries. Prior to this, she had global HR
responsibility at the multinational family-owned company Voith with 19,000
employees, where she acted as Senior Vice President from March 2011. She
moved there after almost ten years at the Schaeffler Group, where she had
held various management roles in the Human Resources area, most recently as
Vice President for Automotive Human Resources.

About SMA
As a leading global specialist in photovoltaic system technology, the SMA
Group is setting the standards today for the decentralized and renewable
energy supply of tomorrow. SMA's portfolio contains a wide range of
efficient PV inverters, holistic system solutions for PV systems of all
power classes, intelligent energy management systems and battery-storage
solutions as well as complete solutions for PV diesel hybrid applications.
Digital energy services as well as extensive services up to and including
operation and maintenance services for PV power plants round off SMA's
range. SMA inverters with a total output of around 75 gigawatts have been
installed in more than 190 countries worldwide. SMA's multi-award-winning
technology is protected by more than 1,400 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
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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10.09.2019 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.

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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
EQS News ID: 871109



End of News DGAP News Service
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871109 10.09.2019

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

Fax +49 561 9522-1133