The supervisory board of centrotherm photovoltaics AG has appointed Jan von Schuckmann chief restructuring officer (CRO). In this management board role, he will be responsible for the further implementation of the company's restructuring program and will oversee current discussions with banks about the future financing of the centrotherm Group.
In addition, Hans Autenrieth, company founder, has relinquished his position on the management board. He will continue to be available to the company in a consultative role, centrotherm says.
centrotherm has struggled financially of late due to solar market conditions. Earlier this month, the company announced it had lost its credit insurance due to its financial condition.