Ahead of their launch as separate entities, E.ON and Uniper have announced managerial appointments.
E.ON Supervisory Board has appointed its Chairman of Uniper Supervisory Board and approved the appointment of further Management Board members for both companies.
Bernhard Reutersberg, a member of the E.ON Management Board, will be the Chairman of the Uniper Supervisory Board. He will end his service on the E.ON Management Board effective June 30, 2016, after the Annual Shareholders Meeting. Karsten Wildberger will become a member of the E.ON Management Board in the second quarter of 2016 as Chief Markets Officer. Keith Martin will join the Uniper Management Board as Chief Commercial Officer on March 1, 2016.
Reutersberg previously led and played a key role in developing E.ON's international gas business and operations in Russia.
“These personnel decisions by the Supervisory Board represent another important step toward the spin-off. As planned, E.ON and Uniper will begin operating separately on January 1, 2016. Uniper’s stock-market listing will take place in the second half of the year. We’re right on schedule,” E.ON CEO Johannes Teyssen said.
He added that the new setup represents E.ON’s systematic, uncompromising response to the altered challenges of tomorrow’s energy markets. “E.ON’s businesses—renewables, energy networks, and customer solutions—focus on the new energy world. Uniper’s businesses—conventional generation and global energy trading—are geared toward the demands and opportunities of the conventional energy world,” Teyssen said. The distinctive features of E.ON’s strategy are the clear separation of the two companies and their sharp focus.