Q-Cells finance chief quits as results make grim reading

Marion Helmes, leaving Q-Cells "by her own request"

Q-Cells’ chief financial officer Marion Helmes resigned after the ailing PV giant turned in a grim set of third-quarter financial results and said it may be unable to repay its convertible bond, which is due in February 2012.

The departure of Helmes, who joined in July 2010 amid signs that Q-Cells’ fortunes were reviving, is effective immediately and was “by her own request”, says the company.

Chief executive Nedim Cen will assume the additional responsibilities of chief financial officer – a dual role he held prior to Helmes’ hiring.

Chief operating officer Andreas von Zitzewitz will take over the additional title of chief sales officer, presently held by Cen.

The chaos at the top of Q-Cells – the world’s largest maker of PV cells until 2009 – drove the German company’s share…

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