Essen, 17 July 2003
The RWE Group is preparing for the October 1, 2003 implementation of its new corporate structure. These preparations include the ongoing negotiations with the RWE Gas municipal shareholders, whose approval is required to implement changes envisioned at that company. The Executive Board will also present the responsible supervisory boards with the following personnel candidates on which to decide:
Integrated regional energy companies known under the working names of “Northern” and “Central” will be established under the new RWE Energy AG. Dr. Manfred Scholle is the foreseen CEO of the “Northern” regional energy company, headquartered in Dortmund. Dr. Knut Zschiedrich is the intended CFO. Until further notice, Heinz Fennekold is the foreseen board member for human resources at “Northern” and will take this responsibility in dual function with his position as board member for HR at RWE Energy. Dr. Ingo Westen is proposed to be responsible on the board for sales.
Hans-Dieter Erfkemper is the foreseen CEO of the “Central” regional energy company, headquartered in Essen. Dr. Bernd Widera is the intended CFO. Manfred Reindl is the foreseen board member for human resources and Achim Südmeier is proposed to be responsible for sales.
Proposals have also been drawn up to staff the first executive level at the two planned network transport companies (working name). Dr. Klaus Homann is envisioned as managing director for the technical engineering division of the German long-distance gas network company, headquartered in Essen, and will remain in his capacity as CEO of Transgas. Dr. Wandulf Kaufmann is envisioned as the managing director of commercial affairs.
At the electricity transmission grid company in Germany, to be headquartered in Dortmund, Dr. Klaus Kleinekorte is expected to be the managing director responsible for the technical engineering division, while Dr. Hans-Jürgen Brick is envisioned as managing director of commercial affairs.
Dr. Brian Count is expected in the future to become CEO and chairman of the board of management at RWE Trading, succeeding Hans-Dieter Erfkemper. Christoph Köther is envisioned to serve as an additional board member at RWE Trading. Christoph. Köther, among his other duties, is expected to assume responsibility for finance, credit-risk management and legal affairs.
As the successor to Dr. Brian Count, Andrew Duff will take over as CEO of RWE Innogy in addition to his previous duties. Until now Andrew Duff has served as CEO of npower.
Chris Bunker, CFO of RWE Thames Water, will retire in 2004. His successor is expected to be Tim Weller, currently CFO at RWE Innogy. Volker Beckers is expected to be responsible in the future for finance at RWE Innogy. Volker Beckers is currently head of business controlling and development at RWE Net.
The CEO of RWE Solutions is expected to be Michael Stadler, succeeding Heinz-Werner Binzel, who in the future is expected to be the board member responsible for procurement and sales on the RWE Energy board. Dr. Reiner Aden is expected to be responsible for finance on the board of RWE Solutions.
Please contact our Investor Relations Team with any questions that you may have:
Altenessener Straße 27
T +49 (0) 201-5179-3112
c/o RWE Supply & Trading
60 Threadneedle Street
London EC2R 8HP
T +44 (0) 20 7015 5459
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