As part of the transformation programme announced on October 16, 2018, Meyer Burger Technology Ltd. planned to adapt the Executive Board to reflect the future structure and size of the company. On 25 April 2019, Meyer Burger is completing the transformation of the Executive Board with the announcement that Michael Escher will step down as Chief Commercial Officer (CCO) and leave the Executive Board by the end of June 2019 following a 5-year career with the company.