Innogy makes interim CEO permanent

German energy company Innogy SE (ETR:IGY) said its supervisory board has today appointed as chief executive Uwe Tigges, who acted as interim CEO after the December 2017 resignation of Peter Terium.

Innogy also said Arno Hahn, currently with Westnetz GmbH, will join its executive board taking over Tigges' responsibilities as chief human resources officer and labour director.

The company further announced that the contracts of three executive board members, including Renewables COO Hans Buenting, have been extended to March 2022 and that Bernhard Guenther, who was the victim of an acid attack in March, continues to be chief financial officer.

"With the personnel decisions taken today, the Supervisory Board is sending an early signal for continuity and reliability within the company’s Executive Board, which will once again consist of six members," said supervisory board chairman Erhard Schipporeit.

RWE AG (ETR:RWE), meanwhile, last week said it has reached a contractual agreement to transfer its 76.8% interest in Innogy to E.on SE (ETR:EOAN) as part of the previously announced major asset swap deal.

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