Essen,
10
October
2019
|
18:15
Europe/Amsterdam

innogy Supervisory Board elects E.ON CEO Johannes Teyssen as Chairman of the Supervisory Board and appoints new Executive Board with E.ON Board member Leonhard Birnbaum as Chief Executive Officer

  • Leonhard Birnbaum remains member of E.ON Board of Management and also becomes Chief Executive Officer of innogy SE
  • Bernhard Günther remains Chief Financial Officer of innogy SE 
  • Christoph Radke moves from E.ON to innogy Executive Board
  • Uwe Tigges, Hans Bünting, Arno Hahn, Martin Herrmann and Hildegard Müller leave Executive Board of innogy SE by mutual agreement

At its meeting today, the Supervisory Board of innogy SE elected Johannes Teyssen, Chief Executive Officer of E.ON SE, as its Chairman. Teyssen replaces Erhard Schipporeit, who had stepped down from the Supervisory Board along with the other shareholder representatives following the takeover of innogy by E.ON.

As the new Chairman of the Supervisory Board of innogy SE, Teyssen said: “My thanks go to Erhard Schipporeit and the other retired members of the Supervisory Board for their constructive and highly responsible work in helping to guide the transition within the Board following completion of the takeover of innogy by E.ON. We are aiming to combine the strengths of both companies in the new E.ON to generate even greater performance and innovative strength for the benefit of our customers. Furthermore, E.ON and innogy, together, will offer more than 70,000 employees good prospects for the future.”

With its new composition, Teyssen says, the Supervisory Board will continue to ensure that innogy is managed in the best interests of its customers, employees and all shareholders.

The Supervisory Board also resolved on a number of changes to the Executive Board of innogy, which will consist of three members in future. The new Chief Executive Officer of innogy SE will be Leonhard Birnbaum, who will also assume responsibility for innogy’s grid and retail business. He will also remain a member of the E.ON Board of Management, and in this capacity will be responsible for the integration of innogy.

Birnbaum succeeds Uwe Tigges as CEO, whose appointment, like that of Executive Board members Hans Bünting, Arno Hahn, Martin Herrmann and Hildegard Müller, was terminated by mutual agreement. “Uwe Tigges has guided innogy through what has certainly not been an easy time and has done an excellent job in the process. I value him greatly and thank him and his colleagues on the Executive Board for handing over a company in such good shape,” Teyssen said.

Bernhard Günther, the current Chief Financial Officer of innogy SE, will remain in office and will also take on HR in addition to his existing duties.

The Supervisory Board also appointed Christoph Radke, previously Vice President Corporate & Governance and CEO of various Group companies of E.ON, as a further member of the innogy Executive Board. Radke’s responsibilities will include the renewables business as well as all legal and compliance-related matters and procurement.

“Leo Birnbaum and Bernhard Günther worked together in an atmosphere of trust as they prepared for the integration of innogy, and achieved very good results,” Teyssen noted. “In the process, they were able to rely at all times on the sound expertise of Christoph Radke, especially regarding the legal aspects of the merger. This team is the ideal combination for innogy’s Executive Board.”

Birnbaum, Chief Executive Officer of innogy SE: “I am very much looking forward to my additional duties and to continuing the very good collaboration with my two colleagues on the Executive Board of innogy.”

 

Please also note the attached individual press releases on the resignation of the members of the Executive Board of innogy SE today in the Notes.

 

Legal disclaimer

This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management, and are based on information currently available to the management. Forward-looking statements shall not be construed as a promise for the materialisation of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. Neither the Company nor any of its affiliates assumes any obligations to update any forward-looking statements.