Focus on transformation: Olaf Heyden joins the SMA Managing Board

“We are very pleased to have gained a highly experienced manager in Olaf Heyden for the SMA Managing Board,” said Uwe Kleinkauf, Chairman of the SMA Supervisory Board. The Managing Board, now consisting of a team of three, has the expertise necessary to take on the challenges facing the industry and to ensure SMA’s strategic development. The restructuring program, which has already been started successfully, can therefore be completed quickly, enabling SMA to emerge from this phase in an economically stronger position. Based on this, the transformation that has already been initiated can be driven forward with full force – with the clear goal of establishing SMA as a global clean-tech market leader.”

“Thanks to Olaf Heyden’s experience, we have already made great progress in restructuring and transformation in recent months,” said Jürgen Reinert, CEO of SMA. “In the coming months we will do everything in our power to continue to grow profitably, with an even better service portfolio, a new market approach, and a powerful service and quality promise. The following will continue to apply in the future: the global energy transition is unthinkable without SMA.”

Heyden was most recently COO at Diebold Nixdorf, a global leader in self-service solutions for banks and retailers, where he was responsible for day-to-day operations. Prior to that, he held high-level positions in various IT service companies, including General Manager for the outsourcing business at T-Systems.

Disclaimer:

This press release 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 press release 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.