BioKraftstoff Nord AG completely takes over BIOSTROM and makes changes to the Managing Board

BioKraftstoff Nord AG completely takes over BIOSTROM and makes changes to the Managing Board

- Contribution of the remaining 24.9% of BIOSTROM through the issue of 715,000 shares from authorised capital
- BIOSTROM shareholders Günter Schlotmann and Peter Westerhoff succeed retiring Managing Board members Walter Posmyk and Hans Joachim von der Ohe
- Supervisory Board appoints Gunnar Dresen as the new CFO of BKN


Sprakensehl-Bokel - BKN BioKraftstoff Nord AG, a financial and investment holding for regenerative energy sources, is increasing its share of the biogas subsidiary BIOSTROM to 100% earlier than planned. In the scope of a capital-in-kind increase, another 24.9% of BIOSTROM shares will be contributed in return for the issue of 715,000 shares of BKN BioKraftstoff Nord AG from authorised capital. The share capital of BKN will thereby rise from EUR 6,850,000 to EUR 7,565,000.

In connection with the strategic reorientation and focus on the biogas segment, the Managing Board of BKN will also be recomposed: the Supervisory Board amicably appointed the Managing Board members of BIOSTROM Günter Schlotmann (47) and Peter Westerhoff (56) to the Managing Board of BKN as well, effective immediately. They thereby succeed Walter Posmyk and Hans Joachim von der Ohe, who are leaving the company on good terms.

Schlotmann will act as the future Chief Operating Officer (COO) for BKN. As was the case at BIOSTROM, Westerhoff has taken on the position of Chief Technical Officer (CTO). With the contribution of BIOSTROM shares, the two new Managing Board members now have a holding of some 20.7% of BKN BioKraftstoff Nord AG.

The new management team is strengthened by the CEO Ulrich Wogart as well as by the previous business director of BKN, Gunnar Dresen (45), who in the future will act as the Chief Financial Officer (CFO). This will increase the number of Managing Board members at BioKraftstoff Nord AG from three to four.

CEO Ulrich Wogart welcomes the decision by the Supervisory Board: “With the personal change we are mapping out our strategic reorientation and expertise in the biogas segment within the Managing Board as well. At the same time we are intensifying our focus on the needs of the capital market with our new CFO. This puts us in the best position to take major steps towards furthering our planned growth!”


Company profile

BKN BioKraftstoff Nord AG operates as a financial and investment holding company in the biogas and biodiesel segments. Thanks to BIOSTROM Energy Group AG and its operating subsidiaries, which BKN successfully acquired in April, the company now operates successfully on the market for biogas plants as a prime contractor, covering the entire value chain: the company has far-reaching expertise from maintaining competitiveness standards for plant locations to project planning, permit acquisition, the construction and operation of biogas plants and the efficient control of the plants. Biological process control of biogas plants, supported by BIOSTROM’s exclusive know-how, is one of its particular assets.


Sprakensehl-Bokel, 03 December 2007

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Kathrin Plath, BKN BioKraftstoff Nord AG.

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