Essen,
19
December
2017
|
20:53
Europe/Amsterdam

Peter Terium resigns from the Executive Board of innogy SE

Peter Terium, Chief Executive Officer of innogy SE, will leave the company with immediate effect in friendly agreement with the Supervisory Board. The Supervisory Board will decide on the succession in due course. Until then, Mr. Uwe Tigges will assume the position of CEO on a temporary basis.

The Supervisory Board generally welcomes the corporate and finance strategy pursued by the Board, but sees the necessity for greater emphasis on cost discipline and a more focused growth and investment strategy.

Dr. Werner Brandt, Chairman of the Supervisory Board of innogy SE: "On behalf of all members of the Supervisory Board, I would like to thank Peter Terium for his successful work. Under his leadership, RWE AG, the parent company of innogy, has found the right answer to the German energy transition. Today, innogy is considered a pioneer for a sustainable and smart energy supply and thus, it is a jewel in the German energy industry. Peter Terium has made a significant contribution to the successful Group’s restructuring."

Peter Terium has held various positions at RWE AG since 2003, first as Head of Group Controlling and later as CEO of various subsidiaries. In July 2012, he became CEO of RWE AG. In April 2016, Peter Terium took over the position of CEO of the newly established RWE subsidiary innogy SE, which was then successfully introduced on the stock exchange in October 2016.