Thursday, February 4, 2016

Rhine-Westfalia Electricity Works AG: Schmitz to new RWE CEO – ZEIT ONLINE

When was energy giant RWE, according to a newspaper’s personnel decisions for the planned restructuring of the Group taken. Like the Rheinische Post , citing supervisory circuits, to Rolf Martin Schmitz new head of RWE AG. The former RWE CEO Peter Terium’ll switch on the executive chair of the planned new subsidiary for sales, networks and green electricity. Accordingly, the Management Board and the Supervisory Board designated CEO Werner Brandt agreed personal details in recent days.

The 58-year-old, currently Deputy CEO of RWE, have a narrow wire to politics it said further. Which he will also need in the management of nuclear power and lignite activities, which remain in the old RWE AG.

Relying on consolidated districts reported the Journal also RWE wants to make a write-down of over one billion euros in part to the power generation sector. The company shall report its financial results on March 8. An RWE spokeswoman said on the night of Friday, the Group does not take to speculation position.

The Group will outsource the promising energy from 1 April in a subsidiary, earned in the hope that at least this is attractive to investors and money. This year, ten percent of it will be floated. When the parent company the coal, gas and nuclear power plants and energy trading remain.

As the newspaper further reported, citing supervisory circuits, to Bernhard Günther, currently CFO at RWE, be CFO of the new company. Hildegard Müller should there be responsible as a board for the network business. Uwe Tigges should be responsible in a dual function for the staff in both companies.

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