3W Power S.A. (Prime Standard, ISIN LU0953526265, 3W9), the holding company of AEG Power Solutions B.V. (AEG PS), a global provider of power electronics systems and solutions for industrial power supplies and renewable energy applications, today announced changes to its Board of Directors. Lawrence Lavine, Christopher P. Minnetian and Harris Williams, from Ripplewood Holdings, are stepping down from the Board of Directors with immediate effect. Dr. Mark Wössner is stepping down from the Board of Directors as of December 31, 2013. All four served the Board as Non-Executive Directors.
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About 3W Power/AEG Power Solutions:
3W Power S.A. (WKN A1W2L4 / ISIN LU0953526265), based in Luxembourg, is the holding company of AEG Power Solutions Group. 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). 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, and DC systems. 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 22 subsidiaries, offices and competence centers around the world with 1,600 employees.
For more information, visit www.aegps.com
