Solar Millennium developed Europe's first operational parabolic trough power plant, Spain's Andasol 1. Photograph: Paul Langrock Agentur Zenit

Solar Millennium CEO resigns unexpectedly; shares tank

Shares in Germany’s Solar Millennium tumbled more than 15% after the firm announced its chief executive Utz Claassen – who only assumed office on 1 January – has unexpectedly resigned, offering no reason for his departure.

Published: Tuesday, March 16 2010