Nordex strengthening management lineup for international expansion

New Chief Technology Officer position created / contracts with CEO,
CFO and COO Sales & Marketing renewed

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professional career

Norderstedt (euro adhoc) - The Nordex Group has created the position
of Chief Technology Officer on its Management Board. At the same
time, it is pooling its operating business in three regional
companies to step up its growth strategy in the Far East and
Overseas.

Nordex AG's Supervisory Board has appointed Dr. Eberhard Voss (51),
previously managing director and head of engineering, to the
Management Board position of Chief Technology Officer. With a
doctorate in engineering and a track record spanning more than 20
years in the development of wind turbines, he is one of the most
experienced engineers in the sector and has been with Nordex since
2003.

At the same time, the Supervisory Board has sent out a signal of
continuity by reaffirming all the Management Board contracts due for
renewal. Thus, it has approved contract renewals for CEO Thomas
Richterich, CFO Bernard Schäferbarthold (both until the mid 2012) and
COO Sales and Marketing Carsten Pedersen (until the end of 2011). "In
this way, we are tying management to the Company for the duration of
the current business plan. This is a crucial step to sustain Nordex´s
profitable growth in the medium term," explains Yves Schmitt,
chairman of Nordex AG´s Supervisory Board. Since 2004, the Group´s
sales have been rising by an average of 50 percent per year.

Looking forward, operating business is to be handled by three
regional companies in Europe, Asia and North America. In Asia, Jens
Olsen (45) has been appointed CEO, having held comparable positions
in the Far East for two Danish competitors since 1999. Ralf Sigrist
(37), previously head of Group Human Re-sources and Legal, has been
named CEO of Nordex USA, which is headquartered in Boston. As trained
lawyer, he joined Nordex in 2001 and has many years of experience in
international plant engineering. Sigrist will be receiving support
from the International Expansion department for the set-up of the
production facilities planned for 2009. No further material changes
are planned in the management lineup of Nordex Energy GmbH, which
coordinates the Group´s European operations.

In 2007, Nordex exported roughly 85 percent of its output to European
countries outside Germany and a further 4 percent to Asia. By 2011,
it wants to generate around 40 percent of its sales from non-European
business. To achieve this, it is establishing independent
subsidiaries in the main regions which it addresses. The Group plans
to spend a total of around EUR 130 million in the United States and
China on establishing and extending local production facilities.

end of announcement euro adhoc
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ots Originaltext: Nordex AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Nordex AG

Ralf Peters

Telephone: +49 40 / 500 98 - 100, Telefax: - 333

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade


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