Annual General Meeting approves dividend increase; Dr. Frank Appel new Chairman of the Supervisory Board

Essen, 30.04.2025

  • Annual General Meeting approves proposed dividend of €1.10 per share, to be paid on 6 May 2025
  • Acts of the Executive Board and Supervisory Board approved by a large majority of the Annual General Meeting; all proposed resolutions adopted by majority vote
  • Annual General Meeting elects proposed members of the Supervisory Board
  • Dr. Frank Appel succeeds Dr. Werner Brandt as Chairman of the Supervisory Board; Michael Vassiliadis appointed Deputy Chairman of the Supervisory Board
     
At the end of today’s Annual General Meeting, Dr. Werner Brandt stepped down from the Supervisory Board of RWE Aktiengesellschaft after 12 years in office. In his speech, Dr. Markus Krebber, CEO of RWE AG, underlined his services to the company: “The past 12 years have been very eventful at RWE. You have played a key role in shaping RWE’s successful transformation. Without your expertise and dedication, we would not be the company we are today – economically successful and ideally positioned for the new energy landscape. On behalf of the company and all our employees, I would like to thank you very much for your commitment. I would also like to thank you personally for the respectful and trusting way in which we have always worked together.”

At its constituent meeting today following the Annual General Meeting, the Supervisory Board elected Dr. Frank Appel as its new Chairman. IGBCE Chairman Michael Vassiliadis was appointed Deputy Chairman, succeeding Ralf Sikorski, who stepped down at the end of the Annual General Meeting as previously announced. 

Prior to this, the Annual General Meeting had re-elected five members of the Supervisory Board at the end of their regular terms of office:                                                                                                       

• Dr. Hans Bünting, Independent Corporate Consultant
• Mag. Dr. h. c. Monika Kircher, Independent Corporate Consultant
• Thomas Kufen, Mayor of the City of Essen, Germany
• Hauke Stars, Member of the Executive Board of Volkswagen Aktiengesellschaft 
• Helle Valentin, Managing Partner IBM Consulting EMEA of IBM Corporation

Dr. Stefan Schulte, Chairman of the Executive Board of Fraport AG, was elected to the Supervisory Board of RWE Aktiengesellschaft for the first time. 

The majority of shareholders also voted in favour of the proposal to pay a dividend of €1.10 per share for fiscal 2024, an increase of 10% compared to the previous year. It will be paid on 6 May 2025. 

Furthermore, the shareholders approved the acts of the Executive Board and Supervisory Board with a large majority and renewed the authorisation to implement share buybacks and use treasury shares.

The shareholders also approved the remuneration system for the Executive Board and decided to adjust the remuneration of the members of the Supervisory Board. The Executive Board was also authorised to decide to hold virtual Annual General Meetings until 2027. 

This year’s Annual General Meeting was once again held virtually and broadcast in full on the company’s website. All registered shareholders were able to speak live and ask questions during the Annual General Meeting. In total, the votes of approximately 399 million shares were represented. This corresponds to 53.66% of the share capital entitled to vote (previous year: 62.5%). 

An overview of all voting results on all agenda items is available online. A recording of the AGM without the general debate will also be available on the RWE website in due course.