The increased size and complexity of the European Energy Exchange (EEX) and the European Commodity Clearing (ECC) require a more focused approach in managing both companies. Therefore, the Supervisory Board decided in its meeting last week upon a strengthening of the governance especially for ECC and hence, a new setup of the EEX and ECC Management Board.
At its meeting in Leipzig on 24th October 2018, the Supervisory Board of the European Energy Exchange (EEX) confirmed Chief Financial Officer Iris Weidinger and Chief Executive Officer Peter Reitz as members of the Management Board and extended their mandates by another five-year term.
Moreover, Steffen Köhler in the position of the Chief Operating Officer, Dr. Tobias Paulun in the position of the Chief Strategy Officer and Dr. Egbert Laege as the Executive Director Gas Markets will continue to be members of the EEX Management Board.
Dr. Thomas Siegl, Chief Risk Officer, will leave the EEX Management Board as of 1st November 2018 in order to fully focus on his tasks as a member of the Management Board of ECC. Jean-François Conil-Lacoste who currently holds the position of the Executive Director Power Spot Markets will resign from the EEX Management Board as of 31st October 2018, going into retirement. The Supervisory Board thanked Jean-François Conil-Lacoste and Thomas Siegl for their commitment to the EEX Management Board and the important contributions which they have made to the company’s development.
The EEX Management Board is to be supplemented by another mandate shortly. The Supervisory Board has laid the foundation for this strategic focus with the resolution to appoint a Chief Technology Officer in the future. Dr. Jürgen Kroneberg, Supervisory Board Chairman, comments: “This decision takes account of the higher infrastructure and technology development requirements within EEX Group.”
The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power, Emission Allowances as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.