BERLIN--(BUSINESS WIRE)--Odersun AG, manufacturer of thin-film solar cells and modules, announces today the appointment of Mr. Peter van Bommel as its CFO and member of the board of management.

Van Bommel brings more than 25 years of finance experience to Odersun. He served most of his time in executive finance functions within Philips and lastly as CFO and member of the board of management of NXP Semiconductors. He was material in the transition of Philips’ Semiconductors division into the newly founded company NXP Semiconductors, which was acquired from Philips by an international group of private equity firms. In 2008 Peter van Bommel was elected CFO of the Year for non-listed companies in the Netherlands.

Early 2009 Peter van Bommel assumed the function of Odersun’s CFO on an interim base. “Odersun is entering an exciting stage, owns a unique technology and is strongly supported by an international group of investors who believe in this company. As their interim CFO, I worked closely with the team at Odersun over the last months, and I want to help shaping Odersun’s future development on a permanent basis”, says Peter van Bommel.

“We highly welcome Peter van Bommel’s decision”, states Hein van der Zeeuw, Chief Executive Officer of Odersun AG, “We do not only win a very experienced CFO but also a company-wide well respected colleague.”

The appointment of Peter van Bommel as CFO and member of the board of management of Odersun AG takes effect as from April 22, 2009.

About Odersun AG (www.odersun.com)

Odersun AG designs and manufactures flexible, silicon free, solar products using a proprietary, worldwide patented, thin-film technology. Its manufacturing process enables the company to produce solar cells that can be assembled into solar modules of virtually any size or any power, in flexible or glass packaging. This adaptability is decisive for applications of building integrated photovoltaics (BiPV).

The company is backed by an international group of leading investors including Doughty Hanson Technology Ventures (UK), Virgin Green Fund (US/UK), Advanced Technology & Materials (China), PCG Clean Energy & Technology Fund (US), AGF Private Equity (a member of Allianz Group, France) and Valor KG (Austria).

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5949267&lang=en