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Attorney-at-law Urs Schenker nominated as member of the Board of Directors of Meyer Burger Technology Ltd

The Board of Directors of Meyer Burger Technology Ltd announced today the proposal of attorney-at-law Urs Schenker for election to the Board of Directors at the Annual General Meeting on 4 May 2021.

Urs Schenker (born 1957) has extensive experience in the areas of restructuring, financing, capital markets, M&A, and corporate law. He has been involved in numerous international M&A transactions, public takeovers, financings, restructurings, and other corporate finance transactions. He holds various board mandates in private companies and also one in a listed company.

Urs Schenker studied law at the University of Zurich. He graduated with a lic. iur. in 1981 and a Dr. iur. in 1985. He obtained his LL.M. at Harvard Law School in 1985. In 2009, he published his habilitation thesis on “Swiss Takeover Law”; he practices as an attorney at Walder Wyss AG and is an adjunct professor for commercial and business law at the University of St. Gallen.

Chairman of the Board of Directors Franz Richter commented: “I am delighted to announce the nomination of Urs Schenker to the Board of Directors. With his proven Swiss and international legal expertise and his vast experience in transactions, he is an excellent addition to the Board’s competencies.”

Urs Schenker succeeds Urs Fähndrich, who will not stand for re-election at the upcoming Annual General Meeting. The Board of Directors would like to thank Urs Fähndrich for his contribution to last year’s capital increase and the transformation of the company.

Meyer Burger Technology AG

Meyer Burger is starting production of high-performance solar cells and solar modules in 2021. Its proprietary heterojunction/SmartWire technology enables the company to launch products that are more efficient and higher yielding than current standard products. With solar cells and modules designed in Switzerland and manufactured in Germany, Meyer Burger aims to become a leading European photovoltaic company. Currently the company employs around 800 people at production sites in Switzerland and Germany and at sales offices in Europe, the US and in Asia.

Founded in 1953 in Switzerland, Meyer Burger is a leading and globally active technology company specializing in innovative systems and production equipment for the solar market. The company has shaped the development of photovoltaics along the entire value chain and set key industry standards. A large part of the solar modules produced worldwide today are based on technologies developed by Meyer Burger.