Organizational Changes at REC

Renewable Energy Corporation ASA (REC) is making changes to group management, and the management of REC’s Wafer/Solar division will as a final step of an ongoing decentralization process move from Oslo to Singapore and Munich.

Alessandro Perrotta has been employed as executive vice president Wafers, Cells & Modules and will be a member of group management, with a base in Singapore. Perotta holds master degrees from U.S. universities within electrical engineering and business administration, and he has worked for Motorola and Amphenol Corporation, where he served both in Asia and in the U.S. as corporate vice president and group general manager in the Mobile Consumer Product Division, and as a member of the corporate management team.

“I am very pleased to welcome Alex to REC and I am sure that his deep knowledge of the consumer electronics industry as well as his extensive experience from Asia will be important in developing REC’s competitive position,” REC president and CEO Ole Enger said.

Perrotta will join REC on Feb. 1, 2012 and take over the formal responsibility from John Andersen Jr. on March 1. Andersen will continue as executive vice president and group COO, and member of REC group management.

Florian Krumbacher has been appointed senior vice president and chief legal officer and member of group management, after Kristine Ryssdal, who has decided to leave REC. Krumbacher holds legal degrees from the University of Munich and the London School of Economics and was group general counsel at ADVA AG Optical Networking in Germany before he started to work for REC in May 2010. Krumbacher will assume the responsibility as of March 1, 2012.