Elia Group chief executive Bernard Gustin has been elected chairman of the newly constituted supervisory board of 50Hertz Transmission.
The board has been expanded to 12 members following the company passing 2000 employees, with parity between employer and employee representatives under the German Co-Determination Act.
Konrad Klingenburg of the German Trade Union Confederation was elected deputy chairman at the suggestion of IG BCE.
50Hertz shareholders are Elia Group with 80% through Eurogrid International and KfW Banking Group with 20% via Selent Netzbetreiber.
Employer representatives on the board include Gustin, Elia Group chief financial officer Marco Nix, chief alignment officer Peter Michiels, Eurogrid International chief executive Bert Maes, KfW secretary general Lutz-Christian Funke and Hamburger Energienetze managing director Gabriele Eggers.
Employee representatives are Klingenburg, IG BCE’s Constanze Clodius, 50Hertz general works council chair Andrea Ludwig and deputy chair Ralf Schloms, 50Hertz accounting head Andrea Mink and business controlling head Janin Winkler.
Gustin said: “50Hertz is a successful company and is shaping the energy transition in Germany with high investments and innovations. The Elia Group, as the majority shareholder, brings a European perspective and strategic and financial strengths to steer this course sustainably.”
Klingenburg said: “I am looking forward to actively shaping the strategic direction of 50Hertz on the newly constituted supervisory board, especially in view of the volatile framework conditions of the energy transition.”
50Hertz operates more than 10,000km of extra-high-voltage grid across eastern and northern Germany, supplying 18 million people and targeting secure integration of 100% renewable energy by 2032.