Companies )Roth & Rau Extends Management Contract with Carsten Bovenschen |
| Published 30 June 2009 |
| The Supervisory Board of Roth & Rau AG has prematurely extended the management contract with Carsten Bovenschen (45), which was due to expire in May 2010, for a further five years. Having already extended the contract with the company's CEO, Dr. Dietmar Roth, in May, the Supervisory Board has thus ensured a high degree of management continuity, enabling the successful strategic course taken in past years to be maintained. Within the Management Board, Bovenschen is responsible for the areas of finance, controlling, legal and compliance, personnel, materials management and IT. The graduate in business administration assumed the position of CFO at Roth & Rau in 2007 and has played a key role in accompanying the execution of various capital increases, the approval of a syndicated loan and the Group's international expansion. The company's declared aim is to further expand into a leading full-line provider of equipment for the manufacture of solar cell and module production systems. With sales of Euro 272 million in 2008, Roth & Rau reported the most successful financial year in its history to date. "We are very much looking forward to working together with Carsten Bovenschen in future as well. He has made a major contribution towards structuring the Group and will continue to pursue this task with great dedication", stated Eberhard Reiche, Chairman of the Supervisory Board of Roth & Rau AG. From 1 July 2009, the Management Board of Roth & Rau AG will consist of three members, namely Dr. Dietmar Roth, CEO and company founder, Thomas Hengst, the newly appointed Sales Director, and Carsten Bovenschen as CFO. |
| Source: Roth & Rau |
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