Russian government officials and oligarchs was created by U.S. authorities in preparation for sanctions following alleged Russian manipulation of the U.S. election and annexation of Crimea. According to Chairman Lütolf, Mark Kerekes himself was not on the list, but he was assigned to the "identifiable group of candidates" of those who could end up on it. This statement was denied by Anton Karl, as Kondrashev had never been sanctioned and the Putin list was a copy of the Forbes list. Similarly, the independent proxy advisors ISS and Ethos opposed Mark Kerekes on the grounds that he lacked sufficient competence. The General Meeting followed the proposal of the Board of Directors and voted with 64.7% against the election of Mark Kerekes. As a result of the ongoing public dispute, CEO Hans Brändle and Chairman Remo Lütolf announced their resignation. The CEO of the largest shareholder, Anton Karl, appointed Sentis Capital employee Mark Kerekes to the Board of Directors in order to implement the required strategic change. In addition, Urs Fähndrich was elected to the top management body as a shareholder representative at the Annual General Meeting on May 13, 2020. As a result of the extraordinary general assembly, the company announced in June 2020 that it would adapt its strategy as required by Sentis Capital, to operate as a manufacturer of solar cells and solar modules in the future. To enable this transformation, a capital increase of 165 million Swiss francs was carried out. Sentis Capital made an upfront commitment to subscribe 50 million Swiss francs. In addition, Urs Fähndrich and other investors from his circle contributed 20 to 30 million Swiss francs of the upfront commitments. Other On 6 May 2020, Meyer Burger CEO Gunter Erfurt suggested to think about constructing a gigantic solar park in the Hambach open-pit coal mine in North Rhine-Westphalia. This would generate electricity with a capacity of around ten gigawatts, which would roughly correspond to the capacity of the Weisweiler, Neurath, Niederaussem and Frimmersdorf coal-fired power plants, which are currently dependent on the open-pit mines. Considerations for a later use of the gigantic area with an area of 50 square kilometres include flooding to form a lake landscape. According to Meyer Burger CEO Gunter Erfurt, it would be conceivable to cover Lake Hambach with solar modules. Up to 50 million solar modules with a capacity of 10 gigawatts could be installed as a floating solar