"New RWE" project on course

(PresseBox) ( Essen, )
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- Top level positions of new companies decided
- Further staffing and organisational decisions to follow in the coming weeks
- New co-ordination model for German retail and grid businesses to become effective on 1 September 2009
- Co-ordinated allocation of employees affected by restructuring to new positions planned by 30 June 2009

The structure and staffing of "New RWE" is continuing to take shape. At a meeting yesterday, the Executive Board of RWE AG decided on the appointments for the first level management positions of the new retail company as well as the new grid and participation company. Subject to the upcoming discussions with the respective internal bodies, this structure will take effect on 1 September 2009.

As Chairman of the Executive Board, Dr. Knut Zschiedrich (50) will head up the new retail company for Germany and will also hold operational responsibility for the private customer business. Achim Suedmeier (48) will be responsible for business customers in the retail company, operational business with energy utility customers, as well as for the energy services business. Dr. Bernd Widera (50) will be Head of Finance and Controlling and Ralf Zimmermann (53) will head up HR. The new retail company will have its headquarters in Dortmund, Germany, and will take the form of an incorporated company (AG).

Dr. Arndt Neuhaus (43) will head up the new Rheinland Westfalen Netz AG, headquartered in Essen, Germany, as Chairman of its Executive Board. Bernd Boeddeling (43) will be Chief Financial Officer, Dr. Joachim Schneider (45) Chief Technology Officer and Dr. Heinz-Willi Moelders (52) will be responsible for HR on the Board of the new grid company. A core task of this company is to steer the regional grid businesses. In addition, it will manage some 70 municipal utilities as well as grid shareholdings.

The new energy efficiency company is to be headed up by Stephan Kohler (56), Dr. Norbert Verweyen (49) and Dr. Hanns-Ferdinand Mueller (43). The latter will also be responsible for managing concessions/municipalities in Dr. Rolf Martin Schmitz' new division at RWE AG. The efficiency company, which will take the form of a limited liability company (GmbH) and have its headquarters in Dortmund, will develop pioneering products and applications in the areas of energy efficiency and services relating to electricity and gas as premium products. The aim of the company will be to economically reduce total energy consumption. For this reason, RWE's e-mobility activities will be integrated into this company. Together with its partners from the automotive industry, RWE will be positioning itself on the German market as a pioneer in this new technology.

Dr. Rolf Martin Schmitz' division will be responsible for the functional steering of all retail and grid activities, with the respective Chairmen of the Executive Boards of the retail as well as the grid company fulfilling these roles. The CEO of the grid company will also be responsible for participation management.

Portfolio management in the division of the COO of RWE AG will be headed by Thomas Birr (43).

Staffing of the second executive management level is planned for the beginning of May. All employees affected by the restructuring should have a clear picture about their future positions by the end of June. The current existing employment security agreements will apply for these employees.

The "New RWE" project will also contribute towards enhancing efficiency and reducing costs for the Group through this continued focus on reducing the duplication of functions. In addition, employees will have the ability to work on future growth projects, for example in the areas of power plant construction, grid expansion, renewables, energy efficiency and e-mobility, thus reinforcing the Group's competitive position.
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