STEAG’s supervisory board has elected Gehard Jochum (pictured) as chairman.
Former chairman Guntram Pehlke, who is also chief executive of Dortmunder Stadtwerke, resigned today at a special meeting of the committee.
Jochum has been a member of the supervisory body since 2014.
The change comes at a time when a realignment of the German firm is showing its first signs of success.
The company has made a significant economic recovery, also thanks to the current price high on the electricity exchange.
This is clearly demonstrated by the consistently pleasing, preliminary figures for the 2021 financial year, STEAG said.
The role of supervisory board chairman will be more time-consuming in future as result of the transformation.
Pehlke said: “With the conclusion of the trust agreement, another important step in the transformation process of KSBG and STEAG has been taken.
“Over the next two years, this transformation process will pose considerable challenges for everyone involved; the employees as well as the supervisory board.
“In particular, the chairman of the supervisory board will have to support the management even more than in the past, and the coordination and coordination of all stakeholder interests will be even more time-consuming.
“I can no longer reconcile this extra time effort with my responsibility as CEO of DSW21.”
Jochum brings with him many years of experience in the energy industry from management as well as supervisory and board of directors functions.
He has chaired the board of swb AG (Stadtwerke Bremen), served on the board of EnBW, was chairman of the supervisory board of the Berlin gas and electricity supplier GASAG AG.
Jochum was also a member of the supervisory board of the French energy group ENGIE, Energie Deutschland and a director of Swiss Repower.
Pehlke added: “Gerhard Jochum is excellently suited to this task.
“He has extensive experience in the energy market, has already accompanied other companies in transformation processes and, thanks to his previous commitment to KSBG and STEAG, is familiar with both the situation and the people involved, whose recognition he enjoys.
“Last but not least, he is able to devote the necessary amount of time to the task of a supervisory board chairman who is actively involved in the transformation process at STEAG.”