02-28-2014 Repower reduces the size of its Executive Board - Alfred Janka leaves the company

As already announced, in January 2013 Repower launched a comprehensive efficiency programme with the aim of achieving lasting improvements in cost efficiency. So far implementation of this programme has run according to plan. The first costs savings were already apparent in 2013, and measures will take full effect in 2014.

Repower believes that the market situation will remain extremely challenging. For this reason it will continue to systematically pursue the efficiency programme and further simplify its internal structures. The result of these efforts to streamline structures is that the Executive Board is being reorganised and reduced in size. For this reason Alfred Janka, Head of Market Switzerland and Services, will leave Repower. His function will be performed by CEO Kurt Bobst on an interim basis. The new organisational structure will be announced in April 2014.

Repower would like to thank Alfred Janka for his valuable contribution and successful efforts on behalf of Repower in what has been an extremely challenging environment.


Contact:

Kurt Bobst
CEO
CH - 7742 Poschiavo
T +41 81 839 7111
M +41 79 221 4655
kurt.bobst(at)repower.com

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