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SMA Solar Technology AG: Change in SMA's Board Member for Finance

DGAP-News: SMA Solar Technology AG / Key word(s): Personnel SMA Solar Technology AG: Change in SMA's Board Member for Finance 19.05.2022 / 12:00 The issuer is solely responsible for the content of this announcement. SMA Solar Technology AG Corporate News

Change in SMA's Board Member for Finance

Niestetal, May 19, 2022 – Ulrich Hadding, Board Member for Finance, Human Resources and Legal at SMA Solar Technology AG (SMA, FWB: S92) will leave the company at his own request on May 31, 2022, after many years of service. Barbara Gregor, Managing Director and CFO of thyssenkrupp Materials Trading GmbH and the international thyssenkrupp Materials Trading Group, has been appointed to the Managing Board as his successor.

Ulrich Hadding is leaving his position on the Managing Board of SMA to take on a new professional challenge. Hadding, who has been employed at SMA since 2009, including as Head of Finance and Legal, was appointed to the Managing Board as CFO and Labor Director in 2017. In addition to Finance and Legal, he was also responsible for the functions of Human Resources, Compliance, Auditing, Real Estate Management and Public Affairs. He also played a key role in supporting all of SMA's recent M&A activities and managed the company's capital market communications. “SMA is a great company that is excellently positioned to take advantage of the opportunities presented by renewable energy growth. I wish SMA, CEO Jürgen Reinert, Barbara Gregor and all employees every success for the future,” Hadding said.

Barbara Gregor was appointed by the Supervisory Board as successor to Ulrich Hadding and will assume the function of CFO at SMA as of December 1, 2022. She has many years of international experience in all areas of CFO responsibility, in particular in the management and further development of Finance, Controlling, Accounting, Risk Management, HR and IT. Barbara Gregor is also considered an expert in international M&A transactions, change management as well as strategic business development and turnaround management. Until she joins the company, Thomas Pixa, Executive Vice President Finance at SMA, will act as interim CFO.