News Release from JUWI GmbH


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Matthias Willenbacher steps down from Executive Board of juwi AG

Willenbacher withdraws from the company’s business operations with effect from March 31, 2015. The business operations will continue to be managed by Fred Jung (CEO), Stephan Hansen (COO) and Marcus Jentsch (CFO).

Matthias Willenbacher (45), one of the two founders of juwi AG, is withdrawing from the company’s business operations and is stepping down from the Executive Board of the leading German project developer in the field of renewable energies with effect from March 31, 2015. The announcement was made on Wednesday by Dr. Georg Müller, the new Chairman of the Supervisory Board of the company headquartered in Wörrstadt, together with company founder Matthias Willenbacher. This step was taken by mutual agreement. The other founder of the company, Fred Jung (44) , remains responsible for business operations as Chairman of the Executive Board and will continue to manage the company together with the two other Executive Board Members Stephan Hansen (48) and Marcus Jentsch (47).

The Supervisory Board thanked Willenbacher for his outstanding achievements, his entrepreneurial performance and his personal dedication to juwi AG over the past two decades. Since the establishment of the company in Wörrstadt in 1998, Matthias Willenbacher had, together with Fred Jung, developed juwi into a group of companies active throughout the world with more than 1,000 employees. juwi currently develops renewable energy plants mainly in the fields of solar and wind energy throughout the world.

Willenbacher emphasized that he was withdrawing from business operations “after almost 20 extremely exciting years during which we built up the company with a fantastic team.” As a co-shareholder, he said that he would continue to bear responsibility for the development of the company and that his experience would remain available to juwi. Willenbacher: “juwi and our fantastic team will remain near to my heart. I am sure that we will continue to play a leading role in the future-oriented renewable energy market with our new management constellation.”

According to juwi’s Executive Board Chairman Fred Jung, the company has a successful business model. He said that the partnership with MVV Energie from Mannheim created at the end of last year had laid the foundation for the successful further development of the company.


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