Odersun AG announced the appointment of Peter van Bommel as its CFO and member of the board of management.

Van Bommel brings more than 25 years of finance experience to Odersun. He served most of his time in executive finance functions within Philips and lastly as CFO and member of the board of management of NXP Semiconductors. He was material in the transition of Philips’ Semiconductors division into the newly founded company NXP Semiconductors, which was acquired from Philips by an international group of private equity firms. In 2008van Bommel was elected CFO of the Year for non-listed companies in the Netherlands. In early 2009, van Bommel assumed the function of Odersun’s CFO on an interim base.

“Odersun is entering an exciting stage, owns a unique technology and is strongly supported by an international group of investors who believe in this company. As their interim CFO, I worked closely with the team at Odersun over the last months, and I want to help shaping Odersun’s future development on a permanent basis”, said van Bommel.

“We highly welcome Peter van Bommel’s decision,” said Hein van der Zeeuw, CEO of Odersun AG, “We do not only win a very experienced CFO but also a company-wide well respected colleague.”

The appointment of Peter van Bommel as CFO and member of the board of management of Odersun AG takes effect as from April 22, 2009.