Press release BoxID: 190015 (European Energy Exchange AG)
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Scheduled Change on the Management Board of EEX

Maik Neubauer, member of the management board of EEX, moves to ECC management board / Oliver Maibaum promoted to corporate management

(PresseBox) (Leipzig, ) As planned, Maik Neubauer, who has been a member of the management board and Chief Operating Officer (COO) of European Energy Exchange AG (EEX) so far, moved to the management board of the EEX clearing subsidiary, European Commodity Clearing AG (ECC), with effect as of 1 July 2008. In his new capacity, the 40-year old native of Hamburg will assume the position of the Chief Financial Officer (CFO) and Chief Risk Officer (CRO). The renowned IT and financial market expert will, in particular, take charge of risk controlling at the clearing subsidiary, which is growing continuously.

Simultaneously with this step, Oliver Maibaum moves to the EEX corporate management in the course of the reinforced expansion of the sales structures and processes. With the newly established position of the Senior Vice President Customer Relations, which Maibaum has now assumed, EEX underlines the outstanding position of customer relations in the competition among the European energy exchanges. Moreover, Oliver Maibaum will also retain his position as Managing Director Exchange. This new alignment pursues the strategic aim of integrating the trading participants into the market and product development processes even more than has been the case so far.