{"id":415879,"date":"2010-03-11T09:57:44","date_gmt":"2010-03-11T14:57:44","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=6928"},"modified":"2010-03-11T09:57:44","modified_gmt":"2010-03-11T14:57:44","slug":"anton-milner-q-cells-ceo-resigns-cfo-cen-to-lead","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/415879","title":{"rendered":"Anton Milner: Q-Cells CEO Resigns, CFO Cen to Lead"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/solar.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Solar\" \/><\/p>\n<div id=\"attachment_6934\" class=\"wp-caption alignleft\" style=\"width: 160px\"><a href=\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/03\/il_milner_rgb.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-6934\" title=\"il_milner_rgb\" src=\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/03\/il_milner_rgb-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Anton Milner: Out as Q-Cells CEO<\/p>\n<\/div>\n<p>Q-Cells SE Chief Executive Officer Anton Milner has resigned, effective immediately, from the German photovoltaic cells maker, according <a href=\"http:\/\/www.qcells.de\/medien\/ir\/ad-hoc\/2010\/10_03_11_Ad_hoc_CEO_Resignation.pdf\">to a company release<\/a>.<\/p>\n<p>Chief Financial Officer Nedim Cen, who joined the company from the restructuring consultants Alvarez &amp; Marshal on an interim basis in June 2009, will take over the CEO duties and hold both positions. Cen will remain with the Q-Cells while it restructures and Alvarez &amp; Marshal will support him in the program, called Q-Cells Reloaded.<span id=\"more-6928\"><\/span><\/p>\n<p>Q-Cells <a href=\"http:\/\/www.qcells.de\/medien\/presse\/pressemeldungen\/downloads_eng\/2010\/qcells_press_release_prelimenary_figures_2009_20100223.pdf\">reported losses of 1.36 billion Euros<\/a> ($1.84 billion) on Feb. 23. The company blamed a drastic decline in prices and a time lag in its <a href=\"http:\/\/greenenergyreporter.com\/2009\/12\/q-cells-appoints-new-ceo-to-head-thin-film-sub\/\">Calyxo subsidiary<\/a> becoming competitive.<\/p>\n<p>Milner, one of the company&#8217;s four founders, said in a statement:<\/p>\n<blockquote>\n<p>The very dramatic negative 2009 figures have consequences and have in particular led to a loss of confidence in the financial markets.<\/p>\n<\/blockquote>\n<p>Analysts have battered Q-Cells for constant revisions in its 2009 sales outlook, <a href=\"http:\/\/uk.reuters.com\/article\/idUKLDE62A1A920100311?pageNumber=2&amp;virtualBrandChannel=11700\">Reuters noted<\/a>.<\/p>\n<p>Director of Finance Carsten Simon will support Cen in the day-to-day duties of CFO.<\/p>\n<p><em>Milner photo: Courtesy Q-Cells<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/G9-VE1zGuqQ\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anton Milner: Out as Q-Cells CEO Q-Cells SE Chief Executive Officer Anton Milner has resigned, effective immediately, from the German photovoltaic cells maker, according to a company release. Chief Financial Officer Nedim Cen, who joined the company from the restructuring consultants Alvarez &amp; Marshal on an interim basis in June 2009, will take over the [&hellip;]<\/p>\n","protected":false},"author":854,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-415879","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/415879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/854"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=415879"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/415879\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=415879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=415879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=415879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}