Changes in the Supervisory Board of Uniper
- With immediate effect Chairman of the Supervisory Board of Uniper SE resigns and leaves Supervisory Board together with the independent Supervisory Board members
- The court procedure to appoint the new Supervisory Board members will be initiated soon
- The court-appointed Supervisory Board members are then to be newly elected to the Supervisory Board at the Annual General Meeting on May 20, 2020
Today, in an extraordinary Supervisory Board meeting of Uniper SE, all five independent Supervisory Board members, including the Chairman Dr. Bernhard Reutersberg (66), have given notice that they resign with immediate effect and withdraw from the Supervisory Board.
The court procedure to appoint the new Supervisory Board members will be initiated soon. The court-appointed Supervisory Board members are then to be newly elected to the Supervisory Board at the Annual General Meeting on May 20, 2020.
In 1999, Dr. Bernhard Reutersberg began his successful career in the energy sector. After serving on the Executive Board of E.ON SE, he joined the Supervisory Board of Uniper SE as Chairman in 2016, just as the company was being created after a spin-off of almost all of E.ON’s activities in conventional power generation in Europe and Russia, its gas midstream businesses, and commodity trading. Reutersberg created the conditions that permitted Uniper to succeed as an independent listed company. During his time as Chairman of the Supervisory Board, Uniper’s market capitalization almost tripled in the maximum. Thus Uniper, which at its stock market launch was referred to by some as “bad bank”, developed into one of the best-performing energy companies in Europe.
At his departure, Dr. Bernhard Reutersberg stated: “It was an honor to be part of Uniper during the exciting period of its creation. Three years ago, E.ON decided to sell its stake in Uniper to the Finnish state-owned company Fortum. Fortum has now increased its stake in Uniper to almost 70%, becoming majority shareholder. For me now is the time to say goodbye. I thank all my Supervisory Board colleagues, especially Marion Helmes, Rebecca Ranich, Jean Francois Cirelli and David Davies, who resign together with me, for their dedication and support. I also thank the Management Board and specifically all employees for their outstanding work.”
The resigning Chairman of the Supervisory Board Dr. Reutersberg added, “A next chapter in the life of Uniper is starting now: the Management Board has been completely renewed, a new strategy is approved, and the shareholding structure has changed. I wish all Uniper employees all the best, and I’m fully confident that Uniper with its people and capabilities will continue to be successful in the future.”
About Uniper
Uniper is a leading international energy company with around 11,500 employees and activities in more than 40 countries. With about 34 GW of installed generation capacity, Uniper is among the largest global power generators. Its main activities include power generation in Europe and Russia as well as global energy trading, including a diversified gas portfolio that makes Uniper one of Europe’s leading gas companies. The company is headquartered in Düsseldorf, being the third-largest listed German utility. Under its new strategy, Uniper aims to become climate neutral in its European power generation by 2035.
This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.
