Bitterfeld-Wolfen, 11 August 2010 – The Supervisory Board of Q-Cells SE (QCE; ISIN DE0005558662) has named Nedim Cen as CEO of Q-Cells SE for the next five years. Nedim Cen, so far Managing Director at restructuring advisor Alvarez & Marsal (A&M), had taken on the CFO position at Q-Cells SE back in June 2009 as well as the CEO position in March 2010 on an interim basis. He has since successfully led the restructuring and transformation of the company and will now remain in office on the basis of a direct contract with Q-Cells SE. The position of CFO has been taken on by Marion Helmes since July 2010.
“We are very pleased that Dr. Nedim Cen has agreed to continue his work with Q-Cells. He has so far done an excellent job with restructuring and transforming the company,” said Karlheinz Hornung, Chairman of the Supervisory Board of Q-Cells SE. “The new strategy to develop Q-Cells into a provider of photovoltaic solutions is on its way. With the launch of solar modules we have taken the first successful step which is reflected in a positive operative result for the second quarter 2010. Yet, the way ahead is still strewn with obstacles which I am certain Nedim Cen, the Management Board and the whole Q-Cells team will handle appropriately.”