DGAP-News: E.ON SE: Following conclusion of SE transformation: Supervisory Board makes changes to E.ON Board of Management
(firmenpresse) - DGAP-News: E.ON SE / Key word(s): Change of Personnel/Issue of Debt
E.ON SE: Following conclusion of SE transformation: Supervisory Board
makes changes to E.ON Board of Management
12.03.2013 / 16:59
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Following conclusion of SE transformation:
Supervisory Board makes changes to E.ON Board of Management
- Service agreements of Johannes Teyssen and Jørgen Kildahl extended for
five years, that of Bernhard Reutersberg until 2016
- Mike Winkel to join E.ON Board of Management on April 1, 2013, Leonhard
Birnbaum likely on July 1, 2013
- Regine Stachelhaus will end service on Board of Management effective July
1, 2013, for family reasons. Klaus-Dieter Maubach departs Board of
Management.
- Board of Management members' portfolios adjusted to strategic challenges
At its meeting today the E.ON Supervisory Board passed resolutions by
consensus making the following changes to the E.ON Board of Management: the
service agreements of CEO Johannes Teyssen and Jørgen Kildahl were extended
for five years, the standard extension term, until year-end 2018. The
service agreement of Bernhard Reutersberg was extended, in keeping with
E.ON practice, to the end of his 62nd year, which is in February 2016. CFO
Marcus Schenck's service agreement runs until year-end 2014 and therefore
was not up for extension.
Regine Stachelhaus, who alongside her role as Chief Human Resources Officer
has in recent years also overseen all of the E.ON Group's support
functions, asked the Supervisory Board to end her service on the Board of
Management effective July 1, 2013, owing to a severe illness in her
immediate family. In this special situation she would like to have more
time for her family and therefore would have time constraints on her
availability for E.ON duties.
The Chairman of the E.ON Supervisory Board, Werner Wenning, thanked Regine
Stachelhaus for her outstanding dedication to the E.ON Group during her
years of service: 'Mrs. Stachelhaus achieved an appropriate balance between
our employees' reasonable interest in job protection, the trade unions'
concerns, and the company's need to enhance its efficiency. In particular,
she succeeded in working with trade unions and employee representatives in
Germany to find new solutions for implementing staff adjustments and
organizational changes in a socially responsible way. Recently, her
considerable personal commitment made it possible to reach a fair
compromise on a wage agreement, which averted, at the last minute, a labor
dispute. The Supervisory Board, which is grateful for hard work and
dedication and respects her decision, has agreed for her to end her service
on the Board of Management effective July 1, 2013. I'm very pleased that
Regine Stachelhaus will continue to be closely involved with the company to
the extent that her time constraints allow. Among other things, she will
play a leadership role in corporate responsibility. In this context, she
will continue to represent E.ON's interests on the Supervisory Board of the
ESMT in Berlin and on similar boards. She will also remain responsible for
further improvements in all diversity issues and in the integration of
female executives.'
By mutual agreement, Klaus-Dieter Maubach will leave the Board of
Management at the end of the month. Over the past roughly three years, he
hasbeen a driving force in fostering innovative energy ideas across E.ON.
Among other achievements, he oversaw the design of a new business model for
distributed energy and its implementation through the creation of a new
subsidiary, EON Connecting Energies. In addition, he was responsible for
combining all of E.ON's new-build projects into a single organization, E.ON
New Build&Technology, which he also led. After laying these important
foundations, Maubach decided that he would like to take on new professional
challenges. Werner Wenning, Chairman of the Supervisory Board, thanked
Maubach for his nearly 12 years of service to the E.ON Group in a variety
of roles, adding that over the last nearly three years Maubach has helped
make E.ON a leader in energy technology.
The new members of the E.ON Board of Management are Leonard Birnbaum and
Mike Winkel. For more than 15 years Birnbaum (46) has been responsible for
domestic and international energy issues at a variety of organizations.
Most recently he was a member of the RWE AG Board of Management in Essen.
He is expected to join the E.ON Board of Management on July 1, 2013. Winkel
(42) was appointed to the E.ON Board of Management effective April 1, 2013.
In 1997 Winkel joined PreussenElektra, the power subsidiary of E.ON
predecessor entity VEBA. Since then he has held a variety of leadership
positions in the Group. After two years on the E.ON Russia Board of
Management in Moscow, he most recently served as CEO of E.ON Climate&Renewables GmbH, one of the world's largest developers and producers of
renewable energy.
At the time Leonhard Birnbaum joins the E.ON Board of Management, a
far-reaching reassignment of board members' responsibilities for the E.ON
Group's various businesses will take effect. Its aim will be to enable the
Board of Management to optimally support E.ON's effort to address the
strategic challenges in its traditional businesses as well as its growth
ambitions in new businesses and markets. At the same time, it will be
tailored to reflect the transformation E.ON has undergone through E.ON 2.0.
In the Board of Management's future composition under the leadership of CEO
Johannes Teyssen, Leonhard Birnbaum will oversee a newly created portfolio
called Markets&Services. It will encompass, among other things, the
further development of E.ON Connecting Energies' distributed-energy
business and the coordination of E.ON's new-build activities. Birnbaum will
also be responsible for overseeing the development of new business ideas
and E.ON's energy-industry positioning. Jørgen Kildahl's future portfolio
will include E.ON Exploration&Production and all growth businesses
outside Europe, including E.ON's business in Russia. Bernhard Reutersberg
will continue to direct E.ON's regional businesses in Europe, which consist
of distribution and sales, and will also retain overall responsibility of
the E.ON 2.0 program. Marcus Schenck will remain CFO and will additionally
be responsible for shared services and IT. As Chief Human Resources
Officer, Mike Winkel will be responsible for E.ON's 75,000 employees
worldwide. He will also be responsible for the Group's conventional and
renewables generation businesses.
Supervisory Board Chairman Wenning said of the personnel changes: 'On
behalf of the entire Supervisory Board, I'd like to thank the E.ON Board of
Management for taking the company decisive steps forward during the past
three years as it transforms itself in line with its new strategy. I recall
the special challenges of dealing with the phaseout of nuclear energy after
the Fukushima disaster and with helping to shape the transformation of
Germany's energy system. With a difficult market environment in Germany and
Europe and increasingly interventionist policies and regulations, the E.ON
Group will continue to face considerable challenges. The new Board of
Management team under the leadership of Johannes Teyssen has the E.ON
Supervisory Board's full support as the company enters the next phase of
its strategic repositioning. I'd like to thank the departing Board of
Management members for their outstanding personal dedication and to wish
the new members the best of success.'
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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 conform them to future events or developments.
End of Corporate News
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Language: English
Company: E.ON SE
E.ON-Platz 1
40479 Düsseldorf
Germany
Phone: +49 (0)211 4579-0
Fax: +49 (0)211 45 79-5 01
E-mail: investorrelations(at)eon.com
Internet: www.eon.com
ISIN: DE000ENAG999
WKN: ENAG99
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX; Mailand
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