Meyer Burger names new CFO to pursue business model shift

A former executive at solar sector players Conergy AG and Q-Cells AG will be the new finance head of Meyer Burger Technology AG (SWX:MBTN), the latter announced.

The company said it has appointed Juergen Schiffer as its new chief financial officer (CFO) as of October 1, 2020. He will succeed Manfred Haener, who will soon reach retirement age.

Meyer Burger says that Schiffer has core competencies in finance and controlling, and has expertise in dealing with complex turnaround situations. He will be tasked with transforming the existing structures and aligning reporting with Meyer Burger's new business model as the company seeks to shift from being a solar machinery manufacturer to a producer of solar cells and modules that relies on its own patented technology.

Schiffer will also join Meyer Burger’s executive board, the announcement adds.

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