Yingli Restructured Its European Headquarters in Madrid

Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli" or "Yingli Solar"), one of the world's leading solar panel manufacturers, today announced that it has completed the restructure of sales network in Europe and relocated its European headquarters in Madrid, Spain.

The purpose of the restructure is to centralize all operations of Europe, through a full integrated operations and strategic business activities on a pan-European level, across core key markets, thanks to a qualified team with a success track record within the group in the last decade. 

Mr. Fernando Calisalvo, who has a Degree of Master of Arts in Management, has been appointed as Managing Director of Yingli Green Energy Europe S.L.U. ("Yingli Europe", the former Yingli Green Energy Spain S.L.U.).  He has more than 13 years' experience in the PV Industry and 11 years at Yingli with an accumulated sales volume above 2GW within his achievements in Africa, Europe and Latin America.

"The restructure of Yingli Europe will leave us a more centralized sales network in Europe. It will improve our operational efficiency and cost effectiveness in Europe," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli. "We believe that, as a veteran in Yingli and PV industry, Mr. Fernando can help us to better serve customers in Europe and other overseas markets due to his proven track record and achievements."

"The new structure will aloud to adapt our teams faster and efficiently to the new market conditions. I am enthusiastic and confident on the bright future of the growing PV demand's trend and the good positioning of Yingli due to our high quality and reliable products recognized worldwide", said Mr. Fernando Calisalvo, the Managing Director of Yingli Europe.

Source: Yingli Green Energy Holding Company Limited
Date: Nov 27, 2017