RWE AG announced that its new subsidiary for renewables, grids and retail will begin operating. The company bears the temporary name RWE International SE and bundles the business areas of renewables, grids and retail in Germany and internationally. The management team of RWE International SE is also on board in time for the launch of the new subsidiary: as already communicated, Peter Terium will take the dual role of CEO of both companies, with Dr. Bernhard Günther as Chief Financial Officer (CFO) and Uwe Tigges as Chief Human Resources Officer (CHO) and Labour Director of both RWE AG and RWE International SE.

After the successful IPO of the new company, it has been agreed that Terium and Günther will leave the RWE AG board and continue in their roles on the board of RWE International SE only. Dr. Rolf Martin Schmitz, currently deputy Chairman of RWE AG, will then become CEO of RWE AG. Dr. Markus Krebber is to replace Bernhard Günther as CFO of RWE AG.

Tigges will remain CHO and Labour Director of RWE AG in addition to RWE International SE until the end of April 2017. The six-member board of the new subsidiary will also include Martin Herrmann for Retail, Hildegard Müller for Grids and Dr. Hans Bünting for Renewables. These Chief Operating Officers (COOs) will each be supported by an Executive Committee, i.e. a management team made up of divisional Board members: Retail will continue to be managed by a tried-and-tested team led by Martin Herrmann, COO Retail: Dr. Filip Thon, Carl-Ernst Giesting, Patrick Lammers, Dr. Martin Muhr and Paul Coffey make up the Executive Committee for Retail.

In addition, the COO Retail and the divisional Board members will continue in their roles at the respective international companies. The new head of B2C Retail in Germany will be Dr. Dietrich Gemmel, currently Managing Director of RWE Effizienz, which will be absorbed into the new company. Gemmel will continue as Managing Director of eprimo.

The previous head of B2C and Labour Director of RWE Vertrieb, Ralf Zimmermann, retired at the end of March. Divisional Board members Dr. Joachim Schneider, Bernd Böddeling and Dr. Marie-Theres Thiell will form the team around Hildegard Müller, COO Grid (as of 1 May). In renewables, Dr. Hans Bünting, COO Renewables, will be supported by divisional Board member Dr. Holger Himmel.