AEG Power Solutions Announces Susanne Wibbe’s Appointment As Vice-President of the Energy Efficiency SBU

ZWANENBURG, Netherlands--(BUSINESS WIRE)--AEG Power Solutions announces the appointment of Susanne Wibbe as the new Vice-President and General Manager of its Energy Efficiency Solutions Strategic Business Unit (SBU). Susanne Wibbe follows in this position Dietmar Papenfort who is leaving the company to follow new professional objectives after a significant career within AEG Power Solutions, started in 1992.

Susanne Wibbe will drive the organization of the SBU and its business plans aiming at achieving further performance improvements for this strategic business segment.

Susanne Wibbe joined AEG Power Solutions in January 2012 as Business Strategy Director, Energy Efficiency Solutions SBU. “Mrs. Wibbe has already developed a clear vision of our business challenges in the different markets composing the SBU. This activity is key to our company as it constitutes the very core of our technologies from which we have successfully developed our renewable energy segment. Mrs. Wibbe’s sound managerial experience in various industrial businesses is a major contribution to our executive team and her previous months of experience as Strategy Director ensures a seamless transition of leadership ”, comments Horst J. Kayser, CEO of the Group,

The Energy Efficiency Solutions SBU was formed at the end of 2010 as a combination of the former industrial & infrastructure and telecoms power divisions of AEG Power Solutions to create synergies by combining all businesses involved in reliable, high availability power supply for energy, transportation and communication infrastructure.

Susanne Wibbe, joined AEG Power Solutions in January 2012 as Business Strategy Director of the Energy Efficiency Solutions SBU. Since 2001, Wibbe had developed her strategic consulting and interim management business, under the name of Wibbe Management Solutions. Through this structure she has led long term projects to restructure, reorganize or optimize industrial processes in business units and has also implemented worldwide product and market strategies. Her diverse experience spans a wide range of business players from Deutsche Post to Freudenberg Gruppe or Hauck & Aufhäuser where she led an acquisition process for a major pump manufacturer. Prior to the creation of her consulting business, Susanne Wibbe served as head of the department of engineering and construction for Berliner Wasser Betriebe (BWB) and as CEO of HMB GmbH, a subsidiary of Hako-Werke Group, cleaning technologies specialist, where she started her career. Susanne Wibbe graduated from TUD (Technische Universität Darmstadt) in Germany in mechanical engineering and business administration. She also studied at Université de Technologie de Compiègne (UTC), France and holds degrees in IT and French.

About AEG Power Solutions

AEG Power Solutions (AEG PS) Group is a global provider of power electronics systems and solutions for all industrial power requirements offering one of the most comprehensive product and service portfolios in the area of power conversion and power control. Two complementary operating business segments, Renewable Energy Solutions (RES) and Energy Efficiency Solutions (EES) serve customers worldwide. The RES product and service portfolio consists of systems and solutions for solar power plants, such as solar inverters, monitoring and control systems as well as power controllers for a wide range of industrial applications such as polysilicon, energy storage, sapphire, and glass. The EES product and service portfolio includes high-performance uninterruptable power supplies (UPSs), industrial chargers, DC systems and converters.

Thanks to its distinctive expertise, bridging both AC and DC power technologies and spanning the worlds of both conventional and renewable energy, the company creates innovative solutions for smart grids.

AEG PS’ global footprint includes 17 subsidiaries and competence centers around the world with 1,700 employees.

AEG Power Solutions Group is the sole subsidiary of the holding company 3W Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9).

For more information go to: www.aegps.com.

This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of 3W Power. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power.

3W Power undertakes no obligation to update or revise any forward-looking statement contained herein.

AEG is a registered trademark used under license from AB Electrolux

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50401823&lang=en