E.ON: Supervisory Board fulfills further requirements for launch of E.ON SE
- Constitution of
Supervisory Boardand appointment of Board of Managementcompleted
- Wenning lauds departing
At a meeting today of the shareholder representatives of the Supervisory Board of the
At today’s meeting, the SE Supervisory Board, with the employee representatives in attendance, also confirmed the appointment of the Board of Management in its current composition for the remainder of each member’s existing service agreement and at least through December 31, 2013. Wenning explained that this step, which was taken in consultation with employee representatives, will ensure the company’s ability to act: “It also preserves the interests of the future employee representatives on the SE Supervisory Board as well as Board of Management members during the transition phase”.
As Supervisory Board Chairman of E.ON SE, Wenning thanked everyone involved for working together constructively during the transformation process: “That it took just over half a year for us to fulfill all the requirements for E.ON’s upcoming launch as an SE is an outstanding achievement. E.ON will be the fourth European Company in Germany’s Dax index. The SE Supervisory Board’s leaner setup will enable it to carry out its duties significantly more efficiently and effectively, and its broader European composition further underscores the E.ON Group’s considerable internationalization”, Wenning said.
Today’s meeting was preceded by an extraordinary, and presumably final, meeting of the E.ON AG Supervisory Board, at which Wenning thanked all departing members of the Supervisory Board for their long and successful service; over the course of many years, their superb personal and professional skills were instrumental in enabling E.ON to stay on course, even in difficult economic times. Wenning added that the company had benefited from the Supervisory Board’s stable composition.
Wenning emphasized that he would like to see the close, amicable cooperation between shareholder and employee representatives continue under E.ON’s new form of incorporation. “When it comes to shaping E.ON’s future, we all pull on the same rope”, Wenning said. Erhard Ott, future Deputy Chairman of the Supervisory Board, concurred: “Although the transformation process required concessions from the employee-representative side, there was broad agreement on all key decisions. Together with the representatives of the shareholders, I’ll do my part to ensure that our company’s culture of codetermination continues at E.ON SE”.