RWE announces company reorganisation to expand business
RWE is restructuring its supply and distribution business, the utility announced on Tuesday. By aligning the executive management of the RWE Group more closely with national markets, the company wants to attract new customers locally and expand its existing business, a statement read.
In Germany, the two regional subsidiaries, RWE Rhein Ruhr and RWE Westfalen Weser Ems, will be merged to form two public limited companies, one for supply and one for distribution.
As a result, the role of the intermediate holding company, RWE Energy, will be discontinued. RWE Energy has been acting as RWE Group’s sales and grid company in continental Europe. Together with subsidiaries and affiliates, RWE Energy
supplies electricity and gas to 15.5m and 7.6m customers, respectively. In 2007, sales totalled 168.3TWh of power and 258TWh of gas.
The new supply and distribution companies will in future report directly to RWE Group – like all other German regional subsidiaries of the company. The activities of RWE Energy will be allocated in part to the new units and in part to RWE Group.
The structural reorganisation goes hand in hand with changes in personnel. Stephan Kohler, who has been working as chief of the Berlin-based German energy agency Dena, will head the new supply unit.
Rolf-Martin Schmitz is to take responsibility for RWE’s German generation, distribution and supply businesses. He has been appointed member of the executive board.
Ulrich Jobs will be managing RWE’s operating businesses outside Germany, i.e. all activities in central and Eastern Europe, and the division “Netherlands/Belgium” – provided the acquisition of Dutch utility Essent is successful (see ESGM 15.007). RWE npower in the UK, upstream unit RWE Dea and RWE Supply & Trading will also report to Jobs.
In addition, RWE is setting up the new “RWE Technology” unit, which is to oversee engineering activities for project development and implementation (new power plants). This unit also fall under Jobs’ responsibility. KTV
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19 Jun 2013 21:17
19 Jun 2013 21:17