Maxim Shirokov to take over responsibility for E.ON’s business in Russia

Maxim Shirokov has been appointed CEO of E.ON Russia with effect from 17th July 2012. He takes over the responsibility for E.ON’s business in Russia and in particular will develop new opportunities for the company following the new build power plant program.

Maxim Shirokov holds a degree in Oriental Studies and an MBA in Economics and Marketing. Mr Shirokov has international management experience including leading the development of large international projects in Russia. His last position was General Director of the Ust-Luga Company which builds and operates the largest Russian Baltics' seaport.

Dr. Bernhard Reutersberg, Member of the Management Board of E.ON AG, responsible for Regional Units, said: “I am pleased that Maxim Shirokov has taken this role and confident that E.ON Russia will continue to thrive under his leadership.”

Since the acquisition of the Russian power generator OGK-4 in 2007, E.ON has been one of the largest buyers of Russian gas and the biggest foreign investor in the Russian energy market. With these long-term activities, E.ON not only underscores Russia's importance for its own company but also makes a significant contribution to enhancing security of supply in Europe. In the future Russia, as an E.ON focus region, will remain a strategically important market for the company.

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.