SFC Energy AG - Corporate News

SFC Energy AG: Daniel Saxena appointed as new Chief Financial Officer

Brunnthal/Munich, April 30, 2020 - The Supervisory Board of SFC Energy AG (), a leading international supplier of fuel cells and stationary and mobile hybrid power generation, has appointed Daniel Saxena as the company's new Chief Financial Officer (CFO) to SFC's Management Board for a period of four years. Daniel Saxena will assume responsibility from Gerhard Inninger on July 1, 2020. Gerhard Inninger will be leaving the company at the end of August at his own request and by mutual agreement.

Daniel Saxena has many years of experience in management positions in the field of finance and corporate development. Most recently, he was a Partner for portfolio development and investment management at a German/Swiss private equity fund since 2010. He was responsible for implementing growth strategies and improving financial performance of the funds' portfolio companies. Prior to this, Daniel Saxena spent more than ten years in various positions in the M&A and corporate finance divisions of global investment banks in Europe and the USA. He has known SFC Energy AG since then and advised the company on various strategic- and capital market transactions. Daniel Saxena holds a Master in business administration from EBS University of Economics and Law, Oestrich-Winkel.

"The appointment as Chief Financial Officer is both an honour and an obligation. I am very much looking forward to the new position and am firmly convinced of SFC's strategy, technology and team and thus the long-term potential of the Group. Together with the SFC team I committed to making a significant contribution to the further success of the SFC Energy Group", says Daniel Saxena.

"We are extremely pleased to have won Daniel Saxena as Chief Financial Officer for SFC. With his many years of experience in both investment banking and the private equity industry, Mr. Saxena is a perfect fit. He is very familiar with SFC, has profound knowledge and is well connected in the industry. Due to his high level of implementation competence, we are convinced that he will successfully continue Gerhard Inninger's excellent work. I would like to take this opportunity to express my special thanks to Mr. Inninger," says Tim van Delden, Chairman of the Supervisory Board of SFC Energy AG.

About SFC Energy Group
SFC Energy AG is a leading provider of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions. With more than 45,000 fuel cells sold worldwide, SFC Energy is a sustainably profitable fuel cell producer. The Company has award-winning products and serves a range of applications in Clean Energy & Mobility, Defense & Security, Oil & Gas and Industry markets. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: , ISIN: ).

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