Phoenix Solar AG announced the appointments of Tim Ryan as a new member of the Management Board and as the new Chief Executive Officer and Manfred Hochleitner as the CFO, effective on January 1, 2015. The company noted that its current CEO and CFO Bernd Köhler will not renew his contract, which is due to expire on December 31, 2014, as the process of restructuring and realigning has been successfully completed and financing renewed. Ryan until 2011 he was a Senior Vice President with the former Q-Cells AG in Berlin, responsible for both the Global Cell Segment as well as the Region Asia Pacific.