Stein Dale to be new CEO of E.ON International Energy

Frank Mastiaux to take on new role outside the E.ON Group

Stein Dale will take over the leadership of E.ON International Energy effective June 1st, 2012, giving him responsibility for further expanding E.ON’s business outside Europe, particularly in Brazil, India, and Turkey.

Dale is currently CEO of Multiconsult, an Oslo-based international consulting firm whose main business areas include energy, oil and gas, and infrastructure. Prior to this, he held a variety of leadership positions at the Norwegian energy company, Statkraft, which gave him many years of experience in strategy development and implementation, as well as mergers and acquisitions. He became Statkraft’s Chief Financial Officer in 2008, which also made him responsible for the company’s investments outside Europe.

The current CEO of E.ON International Energy, Frank Mastiaux, is leaving E.ON amicably and at his own request, effective October 1, 2012, to become CEO of EnBW.

E.ON AG CEO Johannes Teyssen: “Stein Dale is a top international manager with outstanding experience and abilities, so we’re very pleased to be bringing him on board. Under his leadership, the dynamism of our expansion outside Europe will continue unabated. I’d like to express my sincere thanks to Frank Mastiaux for his superb achievements in establishing our renewables business and launching our activities outside Europe. I wish him the best of success in his new role at EnBW.”   

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.