Press Release
Publisher: REpower Systems AG
Dr. Klaus-Detlef Wulf leaves REpower Supervisory Board - AREVA Group targets seat on the Supervisory Board
Hamburg, 1 November 2005. On the evening of 31 October 2005, the former Chairman of the Supervisory Board of REpower Systems AG (WKN 617 703), Dr. Klaus-Detlef Wulf, announced he would be leaving the Supervisory Board of REpower Systems AG. As one of the largest shareholders, Dr. Wulf had previously been a shareholder representative on REpower Systems AG’s Supervisory Board. The sale of his block of shares is expected to enable the new majority shareholder, AREVA, to gain representation on the Supervisory Board. To this end, REpower will file for the legal appointment of an as yet unnamed representative of the AREVA Group to the Supervisory Board. The previous Deputy Chairman of the Supervisory Board, Udo Bandow, will initially assume chairmanship of the Supervisory Board.
Dr. Wulf had been Chairman of the Supervisory Board since April 2001. As a cofounder of the former investment company Denker & Wulf AG, he made a significant contribution to REpower’s corporate success.
“On behalf of the entire Supervisory Board, I would like to express my gratitude to Dr. Wulf for his major commitment and the work he performed for the Company,” commented Udo Bandow. Prof. Fritz Vahrenholt, Chairman of the Management Board at REpower Systems AG, added: “The Management Board would also like to thank Dr. Wulf for his effective collaboration over the past years. His many years of experience in the wind energy sector meant he was constantly able to provide us with expert advice.”
About REpower:
REpower Systems AG is active in the wind power industry. The company's range of business services includes the system development, licensing, production and marketing of wind turbines. This is supplemented by a comprehensive after sales service. Because of its presence in the decisive stages of the value creation chain, REpower has powerful overall competence in wind energy. With more than 560 employees, the company headquartered in Hamburg can rely on its experience in the production and installation of a lmost 1,300 wind turbines worldwide. The high-quality, technologically sophisticated turbines are designed in the deve lopment centre in Rendsburg and produced in the plants in Husum (North Frisia) and Trampe (Brandenburg). The internationally expanding company is represented through subsidiary companies and joint ventures in France, Greece, Great Britain, Italy, Portugal and Spain as well as in Australia.
About AREVA:
The AREVA group reported sales of EUR 11.1 billion and an operating profit of more than EUR 613 million in 2004. With total assets of more than EUR 24 billion and 70,000 employees in more than 100 countries, AREVA is one of the world’s leading power station constructors. AREVA’s mission is the CO²-free generation and distribution of cleaner, safer and more economical electricity. AREVA is an innovative manufacturer of nuclear power stations and is an important player in the area of electricity transmission and system software. AREVA has already gained initial experience in the area of wind energy through its subsidiary Jeumont and a direct - drive 750 kW machine.
Contacts:
REpower Systems AG
Daniela Puttenat
Corporate Communications & Public Relations
Phone:+49 - 40 - 53 93 07- 14
Fax: +49 – 40 – 53 93 07– 37
E-mail: d.puttenat@repower.de>d.puttenat@repower.de
Thomas Schnorrenberg
Investor Relations
Phone:+49 - 40 - 53 93 07- 23
Fax: +49 - 40 - 53 93 07- 77
E-mail: t.schnorrenberg@repower.de>t.schnorrenberg@repower.de
Internet: http://www.repower.de
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The press release "Dr. Klaus-Detlef Wulf leaves REpower Supervisory Board - AREVA Group targets seat on the Supervisory Board" von REpower Systems AG is also available in the following languages:
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Dr. Klaus-Detlef Wulf scheidet aus REpower-Aufsichtsrat aus - AREVA-Gruppe strebt Aufsichtsratsmandat an
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