Supervisory Board proposes election of Baroness Denise Kingsmill CBE and René Obermann
At the company’s Annual Shareholders Meeting on May 5, 2011, the Supervisory Board of E.ON AG, Düsseldorf, will recommend that Baroness Denise Kingsmill CBE, member of the British House of Lords, and René Obermann, Chairman of the Board of Management of Deutsche Telekom AG, be elected to the Supervisory Board as new shareholder representatives.
After earning a degree at Cambridge University, Baroness Denise Kingsmill passed the U.K. bar exam in 1980. In her many years as an attorney and expert in U.K. and European labor and corporate law, she advised many major corporations on issues relating to good corporate governance. She was appointed Deputy Chair of the UK Competition Commission in 1997. In this role, she led a number of antitrust and market inquiries as well as merger-control procedures in a variety of industries. She was made Commander of the Order of the British Empire (CBE) in 2000 and was appointed as a life peer to the House of Lords in 2006, where she is a member of the Economic Affairs Committee. She also holds directorships on the boards of several international companies, including the International Airlines Group (created by the merger of British Airways und Iberia) and U.S.-based management consultancy Korn/Ferry International.
Having completed his university entrance certificate and military service, René Obermann began his career with a business traineeship at BMW AG in Munich. Following that, he founded his own business, ABC Telekom, which focused on marketing and providing technical services for telecommunications equipment and mobile phones. Hutchison Whampoa of Hong Kong acquired a stake in ABC Telekom in 1991, and René Obermann became Managing Partner of the resulting company, Hutchison Mobilfunk. In 1993, he became Chairman of the Management Board of Hutchison Mobilfunk, which was one of the first network-independent service providers for digital mobile communications in Germany. He joined Deutsche Telekom in 1998 as Managing Director of Sales at T-Mobile Deutschland. After several other executive functions, he became Chairman of the Deutsche Telekom AG Board of Management in 2006. Ulrich Hartmann, Chairman of the E.ON AG Supervisory Board said: “We are very pleased that in Baroness Denise Kingsmill and René Obermann we are presenting the Annual Shareholders Meeting with two extraordinarily competent and experienced candidates for election to our Supervisory Board. With her experience on the U.K. Competition Commission and many successful years as an attorney, Baroness Denise Kingsmill has outstanding expertise in energy markets, competition, and regulatory issues as well as political experience. René Obermann has unique management experience in an industry whose regulatory and competitive environment has developed in a way similar to the energy industry’s. In this environment, he successfully developed and marketed technological and commercial innovations. With their knowledge and experience, Baroness Denise Kingsmill and René Obermann will enrich our Supervisory Board. At the same time, we are continuing our policy of increasing the diversity of our company’s leadership.”
It will also be proposed to the Annual Shareholders Meeting to reelect Bård Mikkelsen of Norway to the Supervisory Board. He was appointed to the Supervisory Board by the Düsseldorf Commercial Court in June 2010 to serve until the next Annual Shareholders Meeting.
As previously announced, Chairman Ulrich Hartmann and Wilhelm Simson will end their service on the Supervisory Board at the conclusion of the Annual Shareholders Meeting on May 5, 2011.
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.