Meyer Burger to replace CFO again as newly selected incumbent steps down

• Meyer Burger's CFO is quitting after less than 2 months in the role, with the heterojunction cell and also module producer set to seek yet an additional replacement for the position.

Nathalie Benedikt, who was selected CFO since 1 January 2022, has requested the discontinuation of her agreement due to exclusive reasons.

The news comes after her precursor, ex-Conergy and Q CELLS executive Jürgen Schiffer, was replaced after simply 15 months in the role.

Benedikt will leave Meyer Burger after the finalisation of the Switzerland-headquartered firm's 2021 monetary declarations, after which her responsibilities will be separated amongst the monitoring group on an acting basis up until the setting is filled.

"'We very much remorse that Nathalie Benedikt is leaving Meyer Burger after such a short time," said chairman of the board Franz Richter, adding that the firm will start the search for an appropriate successor asap.

Coinciding with Benedikt's visit last month, Meyer Burger enhanced its monitoring group with the appointment of both a principal running officer (COO) and also a chief commercial officer (CCO).

The firm opened up both module as well as cell factory in Germany last year, each starting manufacturing with annual capacities of 400MW.

Last year, it was affected by supply chain traffic jams reducing the ramp-up of manufacturing capacity in addition to COVID-19 triggering above-average workforce lacks, leading it to reduce module outcome.

The firm is presently setting up a module manufacturing plant in the United States that is anticipated to have a capacity of 400MW by the end of 2022.