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Capital Stage: The CEO quits

Citing personal reasons, Felix Goedhart of Capital Stage AG intends not to renew his contract as chair of the executive board that expires at the end of October, a decision that the Supervisory Board regrets. Goedhart has led the company since 2006 and his contribution has been crucial for its development. His place at the helm will be taken by Klaus-Dieter Maubach who, as a former member of the power company’s executive board has the expertise needed for developing new energy projects and implementing new business models in decentralized and renewable energy.

Together with CFO Christoph Husmann, Maubach will broaden the company’s base of relations with institutional investors and continue fostering company growth through new acquisitions.

PNE Wind: Fall freshness

A truce seems to have been reached in the power struggle presently dogging wind farm planner PNE Wind AG. CEO Martin Billhardt has sided with the whole Supervisory Board in tendering his resignation. The Prime Standard listed group hit the headlines in June for the chaos let loose during the AGM.. Major shareholder and former member of the Supervisory Board Volker Friedrichsen had been highly critical of the emoluments paid out to CEO and Supervisory Board chair, Dieter Kuprian. At that point, Billhardt stepped in, alleging that Friedrichsen had manipulated the original WKN windfarm numbers which, in the meantime had been bought out. Friedrichsen had overseen WKN’s growth as its majority shareholder until it was taken over by PNE.

The failed AGM must be repeated in mid-October. At that point, PNE shareholders will be called upon to elect a complete Supervisory Board from scratch. The question now is whether Friedrichsen will stand for re-election to it..

SMT Scharf: new brooms

The executive board of SMT Scharf AG will have a new member from 2016. Ralf Ferdinand Oberhaus will take the place of Heinrich Schulze-Buxloh who is resigning for contractual and age-related reasons. Oberhaus who has held appointments in a number of top management posts in international mining, railway and iron and steel groups will continue in his predecessor’s area of responsibility, namely distribution and service..

As from July, HansJoachim Theiss will chair the executive board of the Prime Standard-listed company after having resigned his position as member and vice-chair of the Supervisory Board, posts which, in turn will be filled by Dorothea Gattineau who was elected to the board to take his place. Theiss is head of finance and will take the place of Christian Dreyer who tendered his resignation in June. Another new appointee to the executive board is Wolfgang Embert responsible for technical matters.