Photon Energy N.V. announced the departure of Andrej Horansky from his position as Group CFO. The Group's CEO Georg Hotar will assume CFO responsibilities on an interim basis until a new Group CFO is appointed, with the recruitment process to be initiated soon. Georg Hotar previously held the CFO position from the Company's formation in 2008 until 2011 and has been actively involved in the Group's capital markets and project financing activities as well as financial strategy and investors' relations since his appointment as CEO in 2011.