SIAG Dismisses CFO (Germany)

According to the decision of the Supervisory Board, the former CFO of SIAG Schaaf Industrie AG, Roland Schüttpelz has been dismissed with immediate effect.

SIAG Schaaf Industrie AG has grown from a classical steel construction company to the leading supplier of the power generating industry in the past 15 years. Worldwide, the SIAG Group employs 1,800 staff at 11 locations across Europe, Africa, Asia and the USA.

Their core competency is divided into two business units:

• Wind Energy Technology Onshore

• Maritime Systems / Offshore

SIAG’s target markets are wind turbine manufacturers for onshore and offshore wind farms as well as companies active in the field of high technological steel construction and mechanical engineering. SIAG combines the benefits of being a medium-sized industrial company with the effectiveness of an international Group. Due to a fast and efficient decision-making process, SIAG is able to respond to market challenges without delay.

[mappress]

Offshore WIND staff, December 20, 2011