Meyer Burger Technology AG announced that at its ordinary meeting on 10 March, Urs Fähndrich informed the Board of Directors that he will not stand for re-election at the upcoming Annual General Meeting on 4 May 2021 for personal reasons. In the last quarter of 2020, he has largely reduced his share positions in Meyer Burger Technology Ltd.  Urs Fähndrich was elected to the Board of Directors at the 2020 Annual General Meeting as a representative of Elysium Capital Ltd. and the Teutonia Opportunity Fund to bring in the shareholders' perspective.