Supervisory Board confirms strategy of Executive Board

03/06/2018

  • Focused growth and investment strategy at innogy
  • innogy continues to be fully functional after attack on Bernhard Günther

At its meeting today, the Supervisory Board of innogy SE welcomed the focused growth and investment strategy of the Executive Board as well as the cost-discipline measures introduced by the Executive Board.Erhard Schipporeit, Chairman of the Supervisory Board of innogy SE: "I think innogy is on the right track with the cost discipline measures that have been introduced in the meantime. innogy remains a healthy and profitable company and is positioned well to face the challenges posed by the new world of energy. The Supervisory Board is convinced that, with its focused growth and investment strategy, the Executive Board has set the right course for the future of the company – in the interest of the customers, employees and shareholders.”

In addition, the Supervisory Board sharply condemned the attack on Bernhard Günther, CFO of innogy SE. Erhard Schipporeit: “This cowardly act has shocked us all. We wish Bernhard Günther all the best and a quick recovery. Our thoughts are with him and his family. The Executive Board and the Supervisory Board joined in responding calmly to the situation by reallocating Bernhard Günther’s Board responsibilities on an interim basis. Hans Bünting will assume most of the CFO’s tasks with immediate effect and until further notice. This enables the company to remain fully functional. The Executive Board has the full confidence of the Supervisory Board.”

The figures for fiscal 2017 and further information on the focused growth and investment strategy as well as on the cost discipline measures will be presented by the Executive Board of innogy SE at the Annual Press Conference next Monday (12 March 2018).

Legal disclaimer

This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management, and are based on information currently available to the management. Forward-looking statements shall not be construed as a promise for the materialisation of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. Neither the Company nor any of its affiliates assumes any obligations to update any forward-looking statements.