Planned acquisition of innogy: First top executives of the new E.ON named

06/17/2019

  • E.ON and innogy each to provide approximately half of future executives
  • Another important milestone on the way to integration

The designated management team of the new E.ON at the level directly below the management board has largely been determined. The names of those selected for the non-competitive positions were published on Monday at E.ON and innogy. The future management team that has been named so far will consist of half E.ON and half innogy executives.

"We promised a fair and transparent selection process for employees from both companies. Of course, the most important criteria were qualifications: We looked for and found the best candidates for each position," said E.ON CEO Johannes Teyssen.

With this decision, E.ON has reached another important milestone in preparations for the planned acquisition of innogy and, thus, created orientation for many employees in both companies. The appointments are subject to approval by the relevant antitrust and regulatory authorities.

Johannes Teyssen added: "I am pleased with the balanced composition and the proportion of women, accounting for a good quarter of the future top executives now named. We will benefit optimally from the experience and strengths of both companies. I see this as a good basis for a successful integration and look forward to working with this highly qualified management team to achieve the best for our customers and our company.”

E.ON and innogy had agreed in advance on the principles of a fair selection process for the areas where functions will be merged.

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 SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.