DGAP-News

PNE WIND AG: New Management Board Member Appointed

DGAP-News: PNE WIND AG / Key word(s): Change of Personnel
PNE WIND AG: New Management Board Member Appointed

30.11.2015 / 17:45
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Press release

PNE WIND AG: New Management Board Member Appointed

Cuxhaven, November 30, 2015 - PNE WIND AG Supervisory Board member Per
Hornung Pedersen has been appointed Chief Executive Officer.

The Supervisory Board decided at its meeting today, that the Supervisory
Board member Mr. Per Hornung Pedersen, in accordance with § 105 para. 2
AktG, would be elected on an interim basis to the Management Board for the
period from December 1, 2015 to the date of the Annual General Meeting of
the Company on May 25, 2016. Mr. Pedersen will assume the function of CEO
and the Management Board now consists once again of three members. For a
short transitional period, COO Markus Lesser and CFO Jörg Klowat made up
the entire board and with the addition of Mr. Pedersen the board is now
comprised of three board members, which represents a long-standing practice
at PNE WIND AG.

Per Hornung Pedersen, born in 1953, has gained many years of international
experience in the wind energy sector. Benefiting not only from his
experience gained as CEO of REpower Systems AG (today Senvion), his
professional background is well suited to meet the operational and
strategic tasks of the current wind industry sector. Mr. Pedersen has a
bachelor's degree in Finance and Accounting, a Diploma in Auditing and Tax
Law and an MBA. The Supervisory Board mandate of Per Hornung Pedersen is
suspended for the duration of his Management Board function.

The Chairman of the Supervisory Board Alexis Fries commented: "We are
delighted to have Mr. Per Hornung Pedersen with his many years of
successful management experience gained in the wind energy sector as well
as his experiences gained with intercultural management and with company
growth and change. As the new Chief Executive Officer of PNE WIND AG, he
will fully support the Company in its future development. This also
provides the Supervisory Board with time to decide on a long-term solution
for the future composition of the Management Board."

About the PNE WIND Group

The PNE Wind Group, with its brands PNE WIND and WKN, is one of the leading
German wind farm developers. With its roughly 380 employees, the PNE WIND
Group has been offering services covering the entire added value chain
ranging from the development, planning, realisation, financing, operation,
marketing and repowering of wind farms in Germany and abroad from a single
source for more than 25 years. Once the completed plants have been handed
over to operators, the PNE WIND Group also offers technical and commercial
management services, including regular maintenance, for the wind farms. The
offshore wind farms at sea are developed up to the point where they are
ready to be constructed. In addition, through its YieldCo strategy, the
group of companies offers investors the possibility of investing directly
in commissioned and profitable wind farms. Alongside its business
activities in the established domestic market in Germany, the PNE WIND
Group is present at the international level in order to benefit from the
huge growth potential of the global wind energy market and it is expanding
into dynamic growth markets.

Contacts for queries

PNE WIND AG

Rainer Heinsohn
Head of Corporate Communications Tel: [phone] - 7 18 - 453
Fax: [phone] - 7 18 - 373
[e-mail]

PNE WIND AG

Scott McCollister Investor Relations
Tel: [phone] - 7 18 - 454
Fax: [phone] - 7 18 - 373
[e-mail]


---------------------------------------------------------------------------

30.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------


Language: English
Company: PNE WIND AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany
Phone: 04721 / 718 - 06
Fax: 04721 / 718 - 200
E-mail: [e-mail]
Internet: http://www.pnewind.com
ISIN: DE000A0JBPG2, DE000A0B9VG7, , DE000A1R0741, , DE000A12UMG0
WKN: A0JBPG, A0B9VG, , A1R074, , A12UMG
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


End of News DGAP News Service
---------------------------------------------------------------------------

419671 30.11.2015