REC ASA - Løkke joins REC Wafer as SVP Mono and Business Development

Jon Andrè Løkke (39) will take on the position as Senior Vice President in REC Wafer, with responsibility for the business development and the company's expanding operations within monocrystalline wafers. Løkke will also take on the responsibilities as deputy to EVP Einar Kilde in REC Wafer.
 
REC's focus on monocrystalline wafer technologies increases significantly with the ongoing construction of a 300 MW mono plant in Glomfjord, which is expected to be finalized in the first quarter of 2010. Løkke will take full responsibility for the mono area, and be project owner and head of the steering committee for the ongoing expansion project. The main near-term focus will be to secure a successful ramp-up of the new plant throughout 2010.
 
Løkke will also be responsible for the development and running of a new separate Business Development function in REC Wafer.
 
Jon Andrè Løkke comes from the position as SVP and Investor Relations Officer in REC ASA, a position he has held since 2006. Løkke has been with REC since 2003. REC has initiated a search to find a replacement, and Løkke will assist in a transition period until a new permanent IRO has been hired.
 
 
For further information, please contact:
CFO Bjørn Brenna, tel: +47 900 43 186
 
 
About REC
REC is the leading vertically integrated player in the solar energy industry. REC Silicon and REC Wafer are among the world's largest producers of polysilicon and wafers for solar applications. REC Solar is a rapidly growing manufacturer of solar cells and modules, and are also engaging in project development activities in selected segments of the PV market. REC had revenues of NOK 8 191 million and an operating profit of NOK 2 529 million in 2008. More than 3 000 employees work in REC's worldwide organization. Please also see www.recgroup.com.