Exclusive Exclusive: RWE to Name New Finance Chief; Current CFO to Join Renewables Offshoot

Germany’s RWE plans to appoint a new chief financial officer as part of the looming split of the utility into two separate firms, Handelsblatt has learned. Bernhard Günther, the current chief financial officer, will take over the same role at RWE’s renewable energy offshoot, which will launch at the end of this year. Markus Krebber, who currently leads the energy trading subsidiary RWE Supply & Trading, will move over as CFO of the conventional power business, which will remain with RWE. The non-executive supervisory board still has to approve the moves. RWE would not comment on the management changes. RWE announced its major overhaul at the end of last year, following a similar decision by rival E.ON in the face of Germany’s shift to renewable energy sources. Starting in 2017, RWE will be split into a renewable energy firm, which will be led by RWE’s current chief executive Peter Terium, and a conventional energy company to be led by his now-deputy, Martin Schmitz.   Read the full story in Wednesday’s Handelsblatt Global Edition at 12:00 Central European Time. Picture Source: Reuters