Suzlon Group announces Executive Board appointments to wholly-owned subsidiary REpower

Pune / Hamburg, 25th May, 2012. Mr Tulsi Tanti, Chairman of Suzlon Group and Chairman of REpower’s Supervisory Board, said: “For some time now we have been looking to both strengthen REpower’s Executive Board and also leverage some of the many synergy benefits between Suzlon and REpower. We believe today’s Supervisory Board appointments progresses this in both regards. Marcus Wassenberg has held a senior position at REpower since 2009. He brings to the CFO role strong management skills and a proven track record of realizing efficiencies and driving real progress and change within the organization. Vinod Tanti will, as COO, bring the strong supply chain strength of Suzlon into REpower to maintain and improve cost-efficiency, while meeting the highest standards of reliability and quality, in what is a highly competitive market.

“The Suzlon Group is committed to REpower for the long-term and wishes to further develop the profitable and sustainable growth of the company. By appointing these senior and experienced professional executives to the company, I believe we will create significant value for our stakeholders over the near and mid-term.”

Mr Andreas Nauen, CEO of wholly-owned subsidiary REpower, said: “I have worked closely with Marcus Wassenberg for a number of years now and know he will make an important contribution on the EB as CFO. I am also delighted to welcome Mr Vinod Tanti to REpower – his rich experience and deep knowledge of supply chain management we will benefit us significantly.”

Mr Marcus Wassenberg holds an economics degree from Ruhr-Universität, Bochum, and has held a number of senior finance and managerial positions in a range of sectors. Most recently he has been senior vice president of management control, where his duties included managing accounting, invoicing, and controlling for both REpower and its subsidiaries. He devised and implemented new systems and procedures across the board, including a new reporting structure and he was a strong driver for the regionalisation of the overall business. Before joining REpower he held a number of senior positions at the Cirrus Group.

Mr Vinod Tanti is a civil engineer with over 24 years’ experience, including the last 16 years in the wind sector. As a senior member of the Suzlon Group he has been involved in all facets of the business – especially in organizing the low cost country supply chain into a highly aligned, lean, productive and competitive organization. He has successfully led a cost-efficiency drive at Suzlon with a uncompromising focus on reliability and safety, and has been instrumental in making it one of the most cost competitive and profitable companies in the sector.