3W Power/AEG Power Solutions elects Lamberto Tassara, Michel Augonnet and Richard Thomson to its Board of Directors

,  Luxemburg / Zwanenburg, Niederlande

 

Luxembourg / Zwanenburg, The Netherlands – September 25, 2018. 3W Power S.A., the holding company of AEG Power Solutions Group, a global provider of UPS systems and power electronic solutions for industrial, commercial, renewable and distributed energy markets, today announces the appointment of new Board of Directors and commences development as a private company. 


     
On September 14, Lamberto Tassara, Michel Augonnet and Richard Thomson were appointed to serve until 2024 as Non-Executive Directors to the Board of Directors of 3W Power S. A., the holding company of AEG Power Solutions. This follows the final steps to the Company’s consolidation of ownership through its debt for equity swap of its Senior facilities. Two institutional investors now hold 84% of the share capital and 100% of the company’s debt.


     
A clean and recapitalized balance sheet and a stable business allow the new Directors and management team to dedicate all of their efforts on serving customers, growing markets and developing opportunities in AEG PS’ core strengths of power conversion. The appointment of the directors underscores the investors’ commitment to bring the best talent to strengthen the company’s execution and ensure a prosperous future for the business.
  

  
   

Lamberto Tassara
     
Former President of Power Systems EMEA, Emerson Network Power and President UPS for Chloride PLC, spent his full career with world class companies in power conversion. Extensive experience in R&D, product development, sales, marketing and customer care/service. Developed sustainably profitable business activities in a variety of applications including Data Center, Industrial Infrastructure (E.g., Oil & Gas, Power Generation, Transmission & Distribution, Nuclear), General Industry, and Renewables. And notably, a strong track record building service networks dedicated to customer intimacy and fostering loyalty.

  
   

Michel Augonnet
      
President of MVA Connect, a consultancy for Energy. He served in several Senior management positions in power businesses notably as Senior Vice President of Alstom Grid. Currently is VP Finance for CIGRE, President of Super Grid Institute (Lyon), MD at Conquest Advisory, and Director for Actom PTY (South Africa). 

  
   

Richard Thomson
   
Specialist turnaround director, with 20 years experience in credit advisory, special situations investing and board turnaround. Specific focus on delivering positive financial results following company restructurings. Has served in multiple positions as advisor, investor and on the company-side director, across a wide variety of sectors (including power), and for a wide range of companies (blue-chip corporates, SME, governments). Career includes senior positions at Pelican Rouge, Alcentra and Rothschild.

  

  
  

 

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About 3W Power/AEG Power Solutions:
   
3W Power S.A., based in Luxembourg, is the holding company of AEG Power Solutions Group. The Group is headquartered in Zwanenburg in the Netherlands.

 

AEG Power Solutions is a leading provider of UPS systems and power electronic solutions for industrial, commercial, renewable and distributed energy markets throughout the world with main sites in France, Spain, Germany, Singapore and China, with further direct 14 sales and service offices worldwide.

  

  

For more information, visit www.aegps.com

 

 

Diese Mitteilung stellt weder ein Kauf-, Verkaufs- oder Tauschangebot für Wertpapiere von 3W Power noch eine Aufforderung zum Kauf, Verkauf oder Tausch solcher Wertpapiere dar. Die Mitteilung enthält zukunftsbezogene Aussagen, zu denen unter anderem Angaben gehören, die unsere Erwartungen, Absichten, Prognosen, Schätzungen und Annahmen zum Ausdruck bringen. Diese zukunftsbezogenen Aussagen basieren auf einer angemessenen Bewertung und Einschätzung durch die Geschäftsführung, unterliegen aber Risiken und Unsicherheiten, die außerhalb des Einflussbereichs von 3W Power liegen und grundsätzlich schwierig vorherzusagen sind. Die Geschäftsführung und das Unternehmen können und werden unter keinen Umständen eine Garantie für künftige Ergebnisse oder Erträge von 3W Power übernehmen. Die tatsächlichen Ergebnisse von 3W Power können erheblich von den in den zukunftsbezogenen Aussagen tatsächlich oder implizit enthaltenen Angaben abweichen. Daher werden Investoren davor gewarnt, die in dieser Mitteilung enthaltenen zukunftsbezogenen Aussagen als Grundlage für ihre Investitionsentscheidungen in Bezug auf 3W Power zu verwenden. 3W Power übernimmt keinerlei Verpflichtung, in dieser Mitteilung gemachte zukunftsbezogene Aussagen zu aktualisieren oder zu korrigieren.

Ihr Kontakt
Christian Hillermann

Hillermann Consulting - Investor Relations

AEG Power Solutions

Telefon: +49 (0)40 32 02 79 10
Email: office@aeghillermann-consulting.de

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