OFFERING MEMORANDUM Global Offering of up to ... - Nordex

which he left in 1989 to join the Vereinte Kesselwerke AG, Düsseldorf as Head of Division. In 1991, Mr
Fechner was appointed Speaker of the Management Board of Babcock Prozeßautomation GmbH,
Oberhausen. In 1997 he became a Director of Balcke-Dürr AG. Since 2000 he has been the Managing
Director of Babcock Borsig Power GmbH, Oberhausen, responsible for the energy technology sector of
the Babcock Borsig Group. In 2000 Mr Fechner also became a deputy member of the Management
Board of Babcock Borsig AG and Chairman of the Board of Balcke-Dürr AG. Mr Fechner is also a
member of the Supervisory Boards of BBP Service GmbH, Austrian Energy GmbH and Loher AG.
Flemming Pedersen (age 66)
Mr Pedersen is the Deputy Chairman of the Supervisory Board of the Company. Following a commercial
training he started his career in 1963 as a self-employed man when he founded the company Brande
Beholder & Kedel Fabrik. In 1984 he developed the first prototype of a 85 kilowatt wind turbine. In 1985
he founded Welcon A/S as ‘‘Nordex A/S’’, which took over the know-how relating to the manufacture of
wind turbines developed by Brande Beholder & Kedel Fabrik. Mr Pedersen does not sit on any other
Supervisory Board.
Michael von Cappeln (age 48)
Having obtained a degree in Economics from the University of Duisburg, Mr von Cappeln started work
in 1980 at Deutsche Babcock AG. In 1984 he left to become Head of the Finance and Accounts
Department of DB Thermal PTY Ltd in Johannesburg (South Africa), from where he returned to Balcke-
Dürr GmbH as Head of Controlling in 1987. Other posts held by him during his career were Head of the
Finance and Accounts Department of Balcke-Dürr AG and Commercial Management Director of Balcke-
Dürr GmbH. Since 2000 Mr von Cappeln has been the Deputy Chairman of the Supervisory Board of
Balcke-Dürr AG. Mr von Cappeln also holds a post in the Supervisory Boards of the following
companies: Babcock Industrierohrleitungsbau GmbH (Chairman), Borsig GmbH (member), Krantz-TKT
(member), Pirp-Tec GmbH (Deputy Chairman).
Hans Berger (age 51)
Following his bank apprenticeship, Mr Berger occupied numerous positions with Sparkasse Kiel. He
stopped work in order to study at the Institute for Savingsbanks and Credit in Bonn (Lehrinstitut für
das kommunale Sparkassen—und Kreditwesen), where he graduated in the field of business
administration of savingsbanks. He returned to Sparkasse Kiel, where in 1983 he became Divisional
Director and, in 1986, a member of the Management Board. Since 1996 Mr Berger has been the Deputy
Chairman of the Management Board of Landesbank Schleswig-Holstein, Kiel. In addition Mr Berger is
on the Supervisory Board of dvg Hannover Datenverarbeitungsgesellschaft mbH in Hannover,
Hamburgische Landesbank Girozentrale in Hamburg, Flender Werf AG, Deka Deutsche
Kapitalanlagegesellschaft mbH in Frankfurt am Main and S-online Schleswig-Holstein GbR in Kiel.
Mr Berger is also Honorary Consul for the Republic of Iceland in Schleswig-Holstein.
Dr.-Ing. Gerd Jäger (age 49)
Mr Jäger studied engineering at the Technical University of Rheinisch-Westfalia (Rheinisch-
Westfälische Technische Hochschule) in Aachen and then started work at Rheinisch-Westfälische
Elektrizitätswerke AG (RWE), where he has held numerous positions since 1977. In 1992 he was
appointed Head of Controlling and Central Administration and held this post until he was elected to
the Management Board of RWE Energie Aktiengesellschaft. Since 2000 Mr Jäger has been a member of
the Management Board of RWE Power Aktiengesellschaft.
Bernd Sattig (age 58)
Mr Sattig studied business administration at the Polytechnik of Pforzheim. Having finished his studies
in 1966, he started work at Deutsche Dunlop-Gruppe in Hanau, where, until 1973, he held a number of
posts in the human resources department, his last being that of Head of Human Resources.
In 1973 he joined the ITT Automotive-Gruppe, initially as Head of Human Resources of Alfred Teves
GmbH (Frankfurt am Main) and then as Managing Director when in 1978 he joined SWF Auto-Electric
GmbH in Bietigheim-Bissingen as Director of Operations. Other positions held within the ITT
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