At today's meeting, the Supervisory Board of RWE AG appointed Dr. Jürgen Großmann as Chief Executive Officer of RWE AG, effective 1 October 2007. He will succeed Harry Roels who will resign from his office, effective 30 September 2007.
Harry Roels offered the Supervisory Board an early termination of his appointment ending 31 January 2008 in order to enable a smooth change of leadership. Supervisory Board Chairman Dr. Thomas Fischer thanked him expressly for his extraordinary services to the RWE Group: "The term in office of Mr. Harry Roels with his extensive international experience has been an extremely successful period for the RWE Group. The strategic realignment and long-term improvement of the Group's financial situation are tremendous corporate achievements. Under his leadership, RWE initially focused on the Group’s core business and then initiated a phase of organic growth including the largest investment programme in the history of RWE."