E.ON Supervisory Board approves major reorganization of the Board of Management
Today, E.ON’s Supervisory Board approved changes in the company’s Board of Management concerning both the organizational structure and the members of the Board of Management, and the Supervisory Board appointed three new members to the Board of Management, effectively immediately. Two weeks after taking over as CEO, Johannes Teyssen today explained his views to the Supervisory Board with regard to the future priority areas of the E.ON Group’s top management. In future, E.ON’s Board of Management will be more closely involved in steering and managing the company’s operational businesses. In addition, the E.ON Group’s innovativeness will be strengthened so that the company will be able to respond to quickly changing conditions in the technical and business environment.
Electricity and gas production as well as global trading and the Group’s energy management optimization across all regions and products will be centrally steered by a new Board function. E.ON has been able to win Jørgen Kildahl, 47 years, for this position. Mr. Kildahl is Norwegian and has served as managing director for trading and generation of the Norwegian energy company Statkraft for many years.
All the functions supporting the core business, in particular Human Resources, IT and Procurement, will in future be managed by Ms. Regine Stachelhaus, 55 years, as a member of the Board of Management. Over a period of nearly 25 years, Ms. Stachelhaus held leading positions at Hewlett Packard, finally as Managing Director of Hewlett Packard Deutschland GmbH. After leaving Hewlett Packard, she joined Unicef Germany where she has served as Executive Secretary in the past 18 months. Ms. Stachelhaus will be the E.ON Group’s Industrial Relations Director. She is a lawyer and will also be in charge of Legal Affairs and Compliance on the Board of Management.
In addition, a separate function for Technology will be set up in the Board of Management to enable E.ON to respond quickly and efficiently to future challenges in the interest of the environment, the security of supply and customers. This Board function will be managed by Professor Klaus-Dieter Maubach, 48 years, the current CEO of E.ON Energie. In addition to steering all research and development issues, he will also assume responsibility for E.ON New Build and Technology. This international business unit of the E.ON Group will manage and implement all major investments worldwide.
The E.ON Group’s many national subsidiaries, which are very close to their local markets and competitors, offer efficient products and services to more than 30 million customers of the E.ON Group. In future, they will also be responsible for the E.ON Group’s distribution and retail businesses. The national subsidiaries will be steered by another Board function, which will be managed by CEO Johannes Teyssen until the appointment of a new Board member.
In addition to his current duties as CFO, Marcus Schenck, 44 years, will additionally assume responsibility for Controlling and all Group-wide M&A activities.
“With this reorganization of the Board of Management, E.ON wants to further improve the services for its customers and add value for its investors with operational excellence and high innovativeness”, said Johannes Teyssen when he presented the concept in Düsseldorf. “Building up new trust and mutual understanding with policymakers and the general public will be another major challenge for E.ON”, Johannes Teyssen added. For this reason, Corporate Communications as well as Economic and Public Affairs will in future be combined within the CEO’s function. Both Corporate Communications and Economic and Public Affairs will be managed by Guido Knott, 44 years. Knott has served the E.ON Group in various positions for 10 years. His latest position was that of the CFO of E.ON Hanse, Quickborn. Previously, he had managed the Government Relations and Communications Department of E.ON Energie AG. Peter Blau, the current Director of Corporate Communications, will in future manage special projects in the field of international politics, and in addition, he will serve as special-affairs adviser to the CEO.
“To master the challenges that are ahead of us in a difficult market environment, we have gained the support of excellent new managers from an international competitor, German industry and our own Group to serve on E.ON’s Board of Management”, said Ulrich Hartmann, Chairman of the E.ON Group’s Supervisory Board, when the new management team was presented in Düsseldorf. “Led by Johannes Teyssen, E.ON is now ready – after completing a phase of enormous acquisitions and investments – to tackle the next chapter in the E.ON Group’s history”, Hartmann added.
In this context, the two current Board members Christoph Dänzer-Vanotti and Lutz Feldmann will leave E.ON’s Board of Management by mutual agreement. “We would like to thank Mr. Dänzer-Vanotti and Mr. Feldmann for the important contributions they have made in the past few years, in particular during the growth period of our Group”, Ulrich Hartmann said in conclusion.
This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON AG does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.