CEO Markus Lesser to Resign from PNE AG, Board Seeks Successor

CEO Markus Lesser to Resign from PNE AG, Board Seeks Successor

(IN BRIEF) Markus Lesser, CEO of PNE AG, has announced his intention to resign from his position by the end of July 2024 due to personal reasons. The Supervisory Board plans to engage in discussions with Lesser regarding the early termination of his employment contract while simultaneously initiating the search for a suitable successor. Per Hornung Pedersen, Chairman of the Supervisory Board, expressed regret over Lesser’s decision, acknowledging his pivotal role in PNE AG’s growth from a wind farm developer to a leading clean energy solutions provider. Under Lesser’s leadership, the company significantly expanded its project pipeline and operational portfolio, transitioning to become an independent power producer. Despite the impending change in leadership, PNE AG remains committed to its trajectory of growth and resilience in the renewable energy sector.

(PRESS RELEASE) CUXHAVEN, 16-Mar-2024 — /EuropaWire/ — Markus Lesser, CEO of PNE AG, informed the Supervisory Board of his intention to resign from his position as member and Chairman of the Board of Management of PNE AG with effect from the end of July 2024 for personal reasons. The Supervisory Board intends to comply with Markus Lesser’s request and to enter into discussions with him regarding an early termination of his employment contract. At the same time, the Supervisory Board will endeavour to find a suitable successor candidate for the position of CEO.

Per Hornung Pedersen, Chairman of the Supervisory Board: “We very much regret that Markus Lesser has decided to take this step. PNE AG has grown strongly as a company during Markus Lesser’s term of office and has increased considerably in value, is listed in the SDAX and TecDax and enjoys an excellent reputation in the industry. Markus Lesser has guided PNE AG safely through challenging times and has always contributed to the further development of the industry, not least due to his knowledge, his many years of experience and his contacts up to high political levels. We would like to thank him for this. We wish him all the best for the future.”

During his 13 years term, Markus Lesser has played a key role in developing PNE AG from a pure wind farm developer to a clean energy solutions provider and independent power producer (IPP). After starting at PNE as COO in 2011, he was appointed CEO in 2016 following a number of successful years. In 2017, he developed the scale up strategy and completed it very successfully at the end of 2023. As early as 2022, Markus Lesser set the course for further growth with the scale up 2.0 strategy expansion. PNE AG’s business model became significantly more resilient and robust during this period. The project pipeline was significantly increased to 19 GW/GWp, an own generation portfolio of wind farms was built and 650 MW are currently in operation or under construction.

Media Contact:

Spokesperson
ALEXANDER LENNEMANN
+49 (0) 151-559 686 50
alexander.lennemann(at)pne-ag.com

SOURCE: PNE AG