English
French
German
Italian
Russian
Spanish
Uniper to appoint E.ON’s UK boss as new CEO
Uniper makes E.ON’s UK boss CEO for ‘new chapter’ By Reuters
Breaking News
‘;
Stock Markets 2 minutes ago (Mar 01, 2023 06:21AM ET)
(C) Reuters. FILE PHOTO: The Uniper logo is seen at the utility firm headquarters in Duesseldorf, Germany, July 8, 2022. REUTERS/Wolfgang Rattay//File Photo
By Christoph Steitz
FRANKFURT (Reuters) -German utility Uniper named Michael Lewis, who leads E.ON’s UK business, as its new chief executive, on Wednesday, as the company prepares to overhaul its strategy following a bailout last year.
Lewis, 55, joined E.ON in 2007 and held various management positions, including serving as CEO of its renewables division. He has led E.ON’s UK business for the last six years.
“It will take experience, a broad perspective and passion to anchor Uniper successfully within the new energy world,” Uniper Supervisory Board Chairman Tom Blades said.
“Michael Lewis brings all of those qualities to the table. We are very grateful to have him on board for this new chapter in the company’s history.”
The appointment has been announced a day after the resignation of Klaus-Dieter Maubach, who steered Uniper through a crisis that resulted in its nationalisation after former main supplier Russia stopped delivering gas.
Uniper must decide on the future of its business model, which includes the procurement of gas, power generation, renewables and hydrogen, and whether all of those segments will remain part of the group.
“I am looking forward to approaching this task together with the executive team and all colleagues at Uniper, many of whom I still know from our common past and whom I value highly for their expertise and commitment,” Lewis said.
Uniper was spun off from E.ON in 2016 to focus on fossil-fuel-based power generation, including procuring gas from Gazprom (MCX:GAZP), a partnership that ended last year following the outbreak of Russia’s war on Ukraine.
Lewis, who will be formally appointed once his start date has been confirmed, will get a five-year contract. E.ON said a selection process to replace him had started.
Uniper makes E.ON’s UK boss CEO for ‘new chapter’
Terms And Conditions
Privacy Policy
Risk Warning
(C) 2007-2023 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
