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sonnen Inc | April 26, 2017

Steffen Schneider becomes CFO of sonnen

Wildpoldsried, April 26, 2017 - Steffen Schneider, 45, is joining sonnen as Chief Financial Officer (CFO) starting on July 1, 2017. Schneider was previously CFO of SFC Energy AG, a publicly listed provider of hybrid power solutions. He will be responsible for managing finance, investor relations, HR and IT for the global organization.

Steffen Schneider is an expert in the field of international finance and capital markets. At SFC Energy, he successfully developed the company’s financing model and, including the implementation of capital raises and the issuance of warrant bonds and loans.

Before working at SFC Energy, Schneider was Managing Director of Fox Corporate Finance and supported companies with transactions in the areas of financing, IPOs and M&A (mergers and acquisitions). Prior to FCF, he held a similar role in investment banking at Citigroup for almost 10 years in London and Frankfurt, focused on corporate financing, mergers & acquisitions, and numerous IPOs.

‘We have grown quickly over the last few years and hope to continue doing so in the years to come. For this, we will need the right financing strategies, so we are delighted that we now have, in Steffen Schneider, a proven capital market expert and industry insider on board,’ says Christoph Ostermann, CEO of sonnen.

Just last year, sonnen secured over USD 85 million of financing. Several options are under consideration for financing sonnen’s long-term growth.

Steffen Schneider has an MBA from the London Business School.

About sonnen

The sonnen Group is the world’s largest producer of energy storage systems and one of Germany’s fastest-growing companies. In a ranking of the ‘Top 50 Smartest Companies 2016’ by the Massachusetts Institute of Technology (MIT), sonnen GmbH was listed alongside Amazon, Facebook and Tesla. Investors in the Allgäu company include the US technology corporation General Electric. sonnen already supplies over 80,000 people worldwide with clean energy. Based on the blockchain idea, the sonnenCommunity is an online network for sharing self-generated power.