Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

CSP Today

29 Mar 2011 10:03:58

Solar Millennium negotiations fail



German solar thermal energy specialist Solar Millennium has stated that negotiations with its former CEO Professor Utz Claassen regarding the repayment of his €9 million signing fee have failed. The settlement negotiations began in May last year. Going forward, the Supervisory Board of Solar Millennium has chosen to file an action with the Landgericht (Regional Court) Nürnberg-Fürth for repayment of the full amount he received upon his appointment. The company will sue for full repayment of €9 million. The complaint was to be filed with the court last week.

In March 2010 Claassen resigned from his duty as member and chairman of the management board of Solar Millennium – just 74 days after taking up office. He referred to his contractual right to quit his office within a certain consideration period. Claassen assumed the position on 1 January 2010. The company shared that the resignation came unexpectedly for the supervisory board.

"We went to great lengths to solve all open issues. In the meantime our suggestions are no longer receiving any replies," Helmut Pflaumer, chairman of the supervisory board of Solar Millennium, said, according to a company release. "We will now enforce the company's interests through the courts." Court hearings docketed for 29 March were postponed once again, following a motion by Claassen. The Landgericht Nürnberg-Fürth now scheduled the hearing for 9 September.

The situation has become increasingly complicated. Last year Solar Millennium invited Claassen to share his compiled dossier regarding the reasons behind his resignation. Claassen mentioned in a newspaper interview that he had compiled a dossier. The company also cited that a section of media was being "deliberately provided with misleading and reputation-damaging information". One of the major issues highlighted was that in the weeks and months following Claassen's resignation, daily and weekly newspapers repeatedly and increasingly confronted the company and its supervisory board with "allegations". The company has stated its suspicion that false allegations were published in order to damage the company's reputation.


Discussion Thread  

 


CSP Today Community



Linked Items From CSP Today


  1. Close on the heels of its latest deal in China, solar thermal power technology and service...

    29 Mar 2011
  2. The CSP industry in Europe has started to translate promise into reality, and design to...

    28 Mar 2011
  3. Solar thermal power has emerged as a key focal point of the NSW Greens' policy manifesto as the...

    24 Mar 2011


Related Items From Everyone


  1. MarketsThe June edition of the CSP Today Quarterly Update reveals that in the next five to ten...

    13 Jun 2013
  2. Space Air must advise that the reduced 5% VAT rate on residential / charitable air source heat...

    24 Aug 2012
  3. Biofuels and Rural PovertyBy Joy Clancy and Jon LovettAbout this bookBiofuels and Rural Poverty...

  4. IIMA Consultora, in collaboration with Ecosecurities, is developing this avoided deforestation...

    26 Oct 2010
  5. The Premier Eurotrader is a high quality oil fired boiler that delivers exceptional value for...




Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.