German utility E.ON AG (EOAN.XE) said Wednesday it has completed a reorganization of its top management level after appointing a new executive board member and naming new chief executives for its two biggest units.
German utility E.ON AG (EOAN.XE) said Wednesday it has completed a
reorganization of its top management level after appointing a new executive
board member and naming new chief executives for its two biggest units.
The appointments finalize the management reshuffle started by new chief executive
Johannes Teyssen shortly after he took office in May. The new management
structure is aimed at bringing the company's wide-ranging businesses under more
central control, E.ON said at the time.
Only two weeks after Teyssen took charge of the company, E.ON named three new
executive board members to oversee newly created areas of responsibility,
including production of power and natural gas, and global energy trading, as
well as a new management portfolio for technology issues.
The management reshuffle also matches recent operational restructuring
measures, including centralizing all of its energy trading activities into one
unit and creating a subsidiary that oversees E.ON's new build power plant
projects across all of its markets.
E.ON said Wednesday that Bernhard Reutersberg has been named as new member of
the group's executive board. He will be in charge of E.ON's numerous national
businesses scattered across
Europe
.
In his new job Reutersberg will also be responsible for E.ON's distribution and
retail businesses in the national subsidiaries that supply more than 30 million
customers with power and gas. He will also oversee government and regulatory
affairs and coordinate E.ON's operations in
Russia
.
Klaus Schaefer will replace Reutersberg as chief executive of E.ON Ruhrgas--the
company's core gas business. Schaefer had been president and chief executive of
E.ON Italia.
E.ON also said that Ingo Luge has been promoted to chief executive of E.ON
Energie, the company's largest earnings contributor. He previously was managing
director of E.ON Kraftwerke, the unit that runs the firm's conventional power
plant fleet in
Germany
.
Luge replaces Klaus-Dieter Maubach, who moved up to the group's executive board
to take charge of a new portfolio for technology issues.
Luca Dal Fabbro--head of E.ON Italia's sales business--will expand his
responsibilities and become CEO of the unit effective Sept. 1.
Miguel Antonanzas will become president of E.ON Italia, while remaining CEO of
the company's Spanish market unit.
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