Centrotherm photovoltaics AG announced that the changes at Management Board level which have already been announced also become effective with the approval of the insolvency plan at the end of January. Dr. Dirk Stenkamp, who, as COO of centrotherm photovoltaics AG, has been responsible to date for the Operations area and the major project in Qatar, will leave the company to devote himself to new professional challenges. Dr. Peter Fath and Dr. Thomas Riegler will also step down from centrotherm photovoltaics' Management Board as of January 31, 2013.

Dr. Fath, who has been Chief Technology Officer to date, will remain attached to the company in another function with his technology expertise and excellent network of contacts at international research institutions, and will continue to support and drive ahead with activities in the MENA region and with contractual negotiations at the large-scale project in Algeria, among other activities. Dr. Riegler, who has been centrotherm photovoltaics AG's CFO to date, will continue to act as a consultant to the company until the successful conclusion of important restructuring projects such as the preparation of the debt-to-equity swap, the optimization of internal processes and the SAP rollout.