OREANDA-NEWS. At its meeting the E.ON Supervisory Board passed resolutions by consensus making the following changes to the E.ON Board of Management: the service agreements of CEO Johannes Teyssen and Jorgen Kildahl were extended for five years, the standard extension term, until year-end 2018. The service agreement of Bernhard Reutersberg was extended, in keeping with E.ON practice, to the end of his 62nd year, which is in February 2016. CFO Marcus Schenck’s service agreement runs until year-end 2014 and therefore was not up for extension.

Regine Stachelhaus, who alongside her role as Chief Human Resources Officer has in recent years also overseen all of the E.ON Group’s support functions, asked the Supervisory Board to end her service on the Board of Management effective July 1, 2013, owing to a severe illness in her immediate family. In this special situation she would like to have more time for her family and therefore would have time constraints on her availability for E.ON duties.

The Chairman of the E.ON Supervisory Board, Werner Wenning, thanked Regine Stachelhaus for her outstanding dedication to the E.ON Group during her years of service: “Mrs. Stachelhaus achieved an appropriate balance between our employees’ reasonable interest in job protection, the trade unions’ concerns, and the company’s need to enhance its efficiency. In particular, she succeeded in working with trade unions and employee representatives in Germany to find new solutions for implementing staff adjustments and organizational changes in a socially responsible way. Recently, her considerable personal commitment made it possible to reach a fair compromise on a wage agreement, which averted, at the last minute, a labor dispute. The Supervisory Board, which is grateful for hard work and dedication and respects her decision, has agreed for her to end her service on the Board of Management effective July 1, 2013. I’m very pleased that Regine Stachelhaus will continue to be closely involved with the company to the extent that her time constraints allow. Among other things, she will play a leadership role in corporate responsibility. In this context, she will continue to represent E.ON’s interests on the Supervisory Board of the ESMT in Berlin and on similar boards. She will also remain responsible for further improvements in all diversity issues and in the integration of female executives.”

By mutual agreement, Klaus-Dieter Maubach will leave the Board of Management at the end of the month. Over the past roughly three years, he has been a driving force in fostering innovative energy ideas across E.ON. Among other achievements, he oversaw the design of a new business model for distributed energy and its implementation through the creation of a new subsidiary, EON Connecting Energies. In addition, he was responsible for combining all of E.ON’s new-build projects into a single organization, E.ON New Build & Technology, which he also led. After laying these important foundations, Maubach decided that he would like to take on new professional challenges. Werner Wenning, Chairman of the Supervisory Board, thanked Maubach for his nearly 12 years of service to the E.ON Group in a variety of roles, adding that over the last nearly three years Maubach has helped make E.ON a leader in energy technology.

The new members of the E.ON Board of Management are Leonard Birnbaum and Mike Winkel. For more than 15 years Birnbaum (46) has been responsible for domestic and international energy issues at a variety of organizations. Most recently he was a member of the RWE AG Board of Management in Essen. He is expected to join the E.ON Board of Management on July 1, 2013. Winkel (42) was appointed to the E.ON Board of Management effective April 1, 2013. In 1997 Winkel joined PreussenElektra, the power subsidiary of E.ON predecessor entity VEBA. Since then he has held a variety of leadership positions in the Group. After two years on the E.ON Russia Board of Management in Moscow, he most recently served as CEO of E.ON Climate & Renewables GmbH, one of the world’s largest developers and producers of renewable energy.

At the time Leonhard Birnbaum joins the E.ON Board of Management, a far-reaching reassignment of board members’ responsibilities for the E.ON Group’s various businesses will take effect. Its aim will be to enable the Board of Management to optimally support E.ON’s effort to address the strategic challenges in its traditional businesses as well as its growth ambitions in new businesses and markets. At the same time, it will be tailored to reflect the transformation E.ON has undergone through E.ON 2.0.

In the Board of Management’s future composition under the leadership of CEO Johannes Teyssen, Leonhard Birnbaum will oversee a newly created portfolio called Markets & Services. It will encompass, among other things, the further development of E.ON Connecting Energies' distributed-energy business and the coordination of E.ON’s new-build activities. Birnbaum will also be responsible for overseeing the development of new business ideas and E.ON’s energy-industry positioning. Jorgen Kildahl’s future portfolio will include E.ON Exploration & Production and all growth businesses outside Europe, including E.ON’s business in Russia. Bernhard Reutersberg will continue to direct E.ON’s regional businesses in Europe, which consist of distribution and sales, and will also retain overall responsibility of the E.ON 2.0 program. Marcus Schenck will remain CFO and will additionally be responsible for shared services and IT. As Chief Human Resources Officer, Mike Winkel will be responsible for E.ON’s 75,000 employees worldwide. He will also be responsible for the Group’s conventional and renewables generation businesses.

Supervisory Board Chairman Wenning said of the personnel changes: “On behalf of the entire Supervisory Board, I’d like to thank the E.ON Board of Management for taking the company decisive steps forward during the past three years as it transforms itself in line with its new strategy. I recall the special challenges of dealing with the phaseout of nuclear energy after the Fukushima disaster and with helping to shape the transformation of Germany’s energy system. With a difficult market environment in Germany and Europe and increasingly interventionist policies and regulations, the E.ON Group will continue to face considerable challenges. The new Board of Management team under the leadership of Johannes Teyssen has the E.ON Supervisory Board’s full support as the company enters the next phase of its strategic repositioning. I’d like to thank the departing Board of Management members for their outstanding personal dedication and to wish the new members the best of success.”