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Harald Rothschedl, the CFO at Solon AG, resigned on Thursday, April 11. According to Solon, there were »differences of opinion over the way management was being handled.« His resignation from the management of the German
module manufacturer was made immediately effective by mutual agreement
with the board of directors. The ad-hoc report, however, was only made
public late on the following day, angering shareholders. »The
notification could only be made immediately after the resignation of
Mr. Rothschedl took effect, that is after both sides had signed,« says
Solon spokeswoman Karin Mehnert about the delay. »I was not at liberty
to say anything before that.« Rumors were obviously already
circulating over Rothschedl's departure, leading to larger than normal
sale of shares. On Friday alone, shares worth approximately €200,000
($174,000) were sold. The€1.18($1.03). Mehnert admits that there could
be a suspicion of insider trading and announced an investigation.
Anne Kreuzmann
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