RWE has formed a six-strong management team led by Anja-Isabel Dotzenrath (pictured), as chief executive, to take forward the global renewables business that will be formed from a complex agreement involving its Innogy subsidiary and Eon.
RWE will end up with Innogy’s and Eon’s renewables portfolios that together amount to 8.6GW of wind, solar and other clean power capacity when the deal is completed.
In addition to Dotzenrath, who is currently chief executive of Eon Climate & Renewables, the RWE team will include finance chief Holger Himmel, who presently is Innogy CFO, and Tom Glover as chief commercial officer, a role he now holds at RWE Generation.
Glover will oversee the management of the group’s renewable assets and the marketing of electricity produced by them.
Three chief operating officers will make up the rest of the team.
Sven Utermohlen will lead global offshore wind division, Silvia Ortin Rios onshore wind and solar in the Americas and Katja Wunschel onshore wind and solar in Europe and Asia-Pacific.
They will be responsible for project development as well as construction and operations.
Currently, Utermohlen is COO EU and new markets for Eon Climate & Renewables, while Ortin Rios is North America COO and Wunschel the onshore wind division manager, both at Eon.
RWE chief financial officer Markus Krebber said: “We are creating a globally leading renewables business and want to expand it further.
“We will achieve that with a diversified renewable technology portfolio and an integrated value chain. We have set the stage for this.”
The complex deal announced in March last year between Eon and RWE, will see Eon acquire RWE’s 76.8% stake in Innogy via an exchange of assets and businesses. RWE will receive 16.7% of Eon’s equity.
RWE will end up controlling the renewable generation assets of both Eon and RWE.
In July last year, Eon secured commitments to a further 9.4% of Innogy shares, on top of the 76.8%, bringing the total share it will own to 86.2%.
The transaction is expected to be completed by the end of 2019.