Windreich AG: Anil Srivastava joins Management Board
(firmenpresse) - Windreich AG / Key word(s): Energy/
Windreich AG: Anil Srivastava joins Management Board
DGAP-Media / 27.06.2012 / 11:59
---------------------------------------------------------------------
Windreich AG presses ahead with international expansion and offshore
projects with new Management Board member
Wolfschlugen, Germany 27.06.2012 Anil Srivastava has been appointed as the
Chief Operating Officer (COO) and a new member of the Management Board at
Windreich AG. The 51 year-old energy manager, who most recently worked as
CEO of the Renewable Energies Business Group at the French energy giant
AREVA. He will head up the Technology, Projects, International Sales, and
Marketing functions across the Windreich AG group. Srivastava has been an
advisor to the company for the past three months. He has been appointed by
Windreich's Supervisory Board for a five-year period starting with
immediate effect.
Anil Srivastava has a successful track record of more than twenty years
experience in international business management. Prior to his activity at
AREVA, he has held senior executive positions in companies such as TomTom
group and Alcatel-Lucent. He obtained a master's degree from the Indian
Institute of Technology in India and graduated with a MBA from the Wharton
School of Business in the USA.
Comments Willi Balz, CEO of Windreich AG: 'As pioneers of the offshore wind
business in Germany, our projects have advanced significantly and have
taken on an entirely new scale of complexity. Projects on this scale
require different management structures and greater internationalisation.
Anil Srivastava is the ideal manager for this purpose, and one I have
already respected greatly for many years when we interacted with him as the
CEO of Areva Renewables during the Global Tech project. Now he will work
together with me on equal terms to press ahead with further developing
Windreich AG. By appointing Mr. Srivastava, we are setting our company on
course for solid growth and internationalisation. He is able to contribute
suitable experience and, in view of his previous activity at the AREVA
Group, has the utmost specialist competence,
a superb network of contacts within our industry and the expertise required
for a potential international IPO.'
Comments Anil Srivastava: 'This role is a very exciting new opportunity for
me. Under the visionary and inspiring leadership of Willi Balz since 1999,
Windreich has built an in-depth expertise in development, design and
management of Onshore and Offshore Wind Parks. Germany is the global leader
in the 5MW class Offshore Wind Parks and Windreich AG is by far the leading
project developer within Germany. Leveraging the twin advantages of the
tremendous project pipeline and the expertise within the company, I am
committed to help Windreich realize its vast potential of deploying number
of Offshore Wind Parks worth several billions of Euros over the course of
next 5 to 7 years. Windreich AG is extremely well positioned in the German
market, and I would endeavour to help the company expand into International
markets in the coming years.'
About Windreich AG
Windreich AG plans, builds, finances and markets both onshore and offshore
wind power plants. Furthermore, the company also ensures the smooth
technical and commercial operation of the plants. Founded in 1999 by the
engineer Willi Balz, Windreich AG is seen as a pioneer in the wind power
sector. Windreich's most important growth area is now the offshore business
in the German North Sea, one in which the company has built up a leading
market position. In 2011, Windreich generated total revenues of Euro 161
million and consolidated net profit of Euro 11.9 million (HGB). These key
figures are expected to show sharp growth in the future.
Windreich AG is also represented on the capital market with two bonds
issued in 2010 and 2011 respectively. The 2010/2015 6.5% bond (WKN A1CRMQ7)
and 2011/2016 6.5% bond (WKN A1H3V3) are listed in the Bondm trading
segment on the Stuttgart Stock Exchange.
Further information about Windreich AG can be found at www.windreich.ag.
Queries may be addressed to the company's press department at: +49 (0)7022
953 060.
End of Media Release
Photos will be distributed by mecom-bildkanal and available at
http://newsfeed2.equitystory.com/windreich/175592.html
Caption: Dipl.-Wirt.-Ing. (FH) Wili Balz und Anil Srivastava, 'Fathers
of Global Tech I'
---------------------------------------------------------------------
27.06.2012 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
175592 27.06.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.06.2012 - 05:59 Uhr
Sprache: Deutsch
News-ID 1128279
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 70 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Windreich AG: Anil Srivastava joins Management Board
"
steht unter der journalistisch-redaktionellen Verantwortung von
Windreich AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
