Meyer Burger CCO & COO To Leave Company

• Meyer Burger's executive board has undergone change once again with CCO Michael Escher on his way out
• Previously in March 2019, the Swiss company had announced its COO Daniel Lippuner to leave company
• Both Escher and Lippuner are expected to stay on till end of June 2019

Switzerland's Meyer Burger Technology Ltd., has made the role of Chief Commercial Officer (COO) redundant at the corporate level as part of the company's transformation program launched in October 2018. As a result, its current CCO Michael Escher will leave the Executive Board by the end of June 2019. On March 21, 2019, Meyer Burger announced the departure of its Chief Operation Officer (COO), Daniel Lippuner who will also exit the company by June 2019.

This now completes the transformation of its Executive Board which now comprises 3 members – CEO Dr Hans Brändle, CFO Manfred Häner and CTO Dr Gunter Erfurt. The management said the board now reflects the future structure and size of the company.

Thanking Escher for his efforts in serving the company for 5 years, the management said the company's transformation towards a strategic focus on high efficiency cell and module technologies is in progress.

Meyer Burger is the middle of a restructuring process – it announced to shut down its Thun, Switzerland located production fab, sold its wafer equipment and BIPV module business. The management wants to focus on  HJT and SWCT next generation cell and module technologies. As part of this strategy, it acquired a major 18.8% stake in leading perovskite-silicon tandem solar cell start-up Oxford PV in March 2019 and plans to set up a 200 MW factory for this technology in Germany  (see Meyer Burger Major Shareholder Of Oxford PV).