15.10.2007: Meldung: Yingli Green Energy: Managing Director of Europe Appointed
Monday October 15, 6:00 am ET
BAODING, China-- Yingli Green Energy Holding Company Limited (“Yingli Green Energy” or the “Company”), a leading vertically integrated photovoltaic (“PV”) product manufacturer in China, today announced the appointment of Mr. Stuart Brannigan as Managing Director of Europe, effective October 1st, 2007.
Mr. Brannigan brings with him over 17 years of experience in the renewable energy and PV industry. Prior to joining Yingli Green Energy, Mr. Brannigan was Director of Global Procurement for Phoenix Solar AG, one of the world’s fastest growing PV system integrators, in Sulzemoos, Germany. During his time there, Yingli Green Energy was one of Phoenix Solar’s primary module suppliers and Mr. Brannigan helped build a solid strategic partnership between the two companies.
From 1990 to 2005, Mr. Brannigan had a successful career with BP Solar. He joined BP Solar in 1990 and held a number of positions in the areas of procurement, sales and planning. In his last two years with BP Solar from 2003 to 2005, he served as Director for Global Procurement, responsible for securing silicon feedstock, wafers, cells, modules, and all other PV-related raw materials and capital equipment. Between 1999 and 2003, Mr. Brannigan was Vice President of Sales for Europe and Africa at BP Solar. Additionally, during his tenure at BP Solar, Mr. Brannigan was elected to the board of the European Photovoltaic Industry Association (EPIA), where he was responsible for representing, lobbying and voicing the opinions of EPIA around the world.
“I am very proud to join Yingli Green Energy at its current stage of development,” said Mr. Brannigan. “With our broad expertise, extensive resources, and vertically integrated business model, I believe that we will be highly successful in expanding in the key European PV markets.
“We are pleased to welcome Mr. Brannigan to our management team,” said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. “We believe he will be a great asset for us in Europe, which continues to be our primary end-market. He brings extensive experience and strong understanding of the PV industry that I believe will help us further increase our brand recognition, cultivate our European strategy, strengthen our European service team and enhance our market position in the region.”
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (“Yingli Green Energy”) is one of the leading vertically integrated photovoltaic (“PV”) product manufacturers in China. Through the Company’s principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or those that operate on a stand-alone basis. With 200 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in China. Additionally, Yingli Green Energy is one of the limited number of large-scale PV companies in China to have adopted vertical integration as its business model. Yingli Green Energy currently plans to gradually expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 400 MW by the end of 2008 and to 600 megawatts by 2010. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, China and the United States.
Yingli Green Energy Holding Company Limited
Qing Miao, +86-312-310-0502
Director, Investor Relations
Christopher Gustafson, +1-480-614-3021
Jung Chang, +852-2232-3973
Source: Yingli Green Energy