Former CEO, chairman of E.On dies

Ulrich Hartmann, for many years CEO and supervisory board chairman of the energy utility E.On, died at the age of 75 years.

Ulrich Hartman began his career in 1973 as general counsel of VEBA, one of E.On’s predecessor companies. Between 1975 and 1980, he served as director of the corporate office and of public relations; subsequently, he was appointed to the board of management of VEBA’s unit Nordwestdeutsche Kraftwerke. Between 1985 and 1989, he served as CFO of PreussenElektra. In 1989, he joined VEBA as CFO and was appointed CEO of VEBA in 1993.

In the 1990s, Ulrich Hartmann already realized that there was a need for fundamental modernization and internationalization of Germany’s economy. Under his leadership, VEBA was one of the first companies to pursue a policy, which was consistently focused on growth and shareholder value.

Consistently and courageously, he took advantage of the business opportunities provided by the liberalization of the European energy markets in 1998. The merger between Veba and Viag, which was successfully implemented within a short period of time, led to E.On — a new company geared to the European market with a clear strategic focus on the energy business.

As planned during the merger, Ulrich Hartmann resigned from his office as CEO of E.On in 2003 and became chairman of the supervisory board. Until 2011, when he left E.On, he continued in his position as supervisory board chairman to promote the further integration of the E.On Group, the development of a new international renewables business Unit, the entry into the Russian electricity business and a number of other expansion steps.

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