E.ON Shuffles Management

Reutersberg moves to E.ON AG, Schäfer takes over as CEO, Floren appointed as new board member in charge of gas supply

The E.ON Ruhrgas Supervisory Board has decided on a number of changes to the company's Board of Management line-up. Klaus Schäfer (43) has been appointed CEO of E.ON Ruhrgas, taking over from Bernhard Reutersberg (56), who is joining the E.ON AG Board. Schäfer served most recently as CEO of E.ON Italia. These decisions are accompanied by a sweeping restructure of the E.ON Ruhrgas Board of Management.

"The purpose of the changes is to more clearly integrate the growth areas of the gas business and concentrate on our core competencies in order to strengthen our pan-European gas business in the face of profound market changes. Our aim is also to pave the way for the necessary adjustments to the company's business model, particularly in the area of long-term supply contracts with the big natural gas producers," E.ON Ruhrgas Supervisory Board Chairman Jørgen Kildahl said. "During his four years as CEO, Bernard Reutersberg contributed to our strategic direction in many key areas and was instrumental in the restructuring of the company. We wish him every success in his new role on the E.ON Board of Management."

The change of CEO is accompanied by a restructure of E.ON Ruhrgas's Board of Management portfolios, the aim being to bring the activities within each portfolio into sharper focus. Effective immediately, Hans-Peter Floren (49) will take over as head of gas supply with responsibility for long-term supply contracts and the LNG trading business. Floren served most recently as Managing Director of E.ON Gas Storage, where he oversaw the successful consolidation and market positioning of E.ON's storage operations.

The technical projects of the company's LNG business and its exploration & production activities have been moved to its infrastructure department, headed at board level by Henning R. Deters (41). The move consolidates all of the company's technology competencies. Floren's predecessor as head of gas supply, Jochen Weise (54), has decided to leave the company owing to differences of opinion regarding the organizational and strategic direction of E.ON Ruhrgas "We would like to thank Jochen for his long-standing and successful contribution to our relationships with gas producers, for the development and expansion of our LNG and E&P activities, and for his outstanding commitment and dedication to the company. We wish him every success for the future," Jørgen Kildahl said.