E.On expands board after innogy takeover
Thomas König will become chief operating officer networks and be responsible for E.On's entire network business
Following E.On SE’s offer for all innogy stock, its supervisory board has responded to the agreed-on transaction by enlarging the E.On SE Management Board effective June 1, 2018: Leonhard Birnbaum (51), who is currently responsible for E.On’s network and renewables businesses, will become chief operating officer integration and lead the implementation of the agreed-on transaction with RWE and the successful integration of innogy SE. Birnbaum will continue to oversee the renewables business until its transfer to RWE.
“I’m very pleased that we’ve put together such an outstanding leadership team to take on the major tasks E.On will face in the years ahead, both in terms of the integration and the enlarged network business,” Karl-Ludwig Kley, Chairman of the E.On SE Supervisory Board, said. The agreement with RWE represents a huge surge in growth, Kley added. The acquisition and integration of innogy will make E.On the Europe’s first major energy company to focus entirely on the network and customer business.
Kley said that Leonhard Birnbaum’s five years of service on the former RWE AG’s Management Board (prior to the spinoff of innogy SE) make him ideally suited to lead the integration, since he has firsthand knowledge of innogy’s businesses and people. He also knows the business areas of both energy companies. In Thomas König, E.On has an outstanding and experienced executive to lead the new E.On’s network business. He has demonstrated his commitment to the continual improvement of the networks’ operating performance and enjoys the trust of the company’s municipal partners, who are crucial for network business’s success.