“RWE to place subsidiaries under separate leadership”
Handelsblatt
RWE’s CEO Rolf Martin Schmitz plans to reorganise the company’s senior management, writes Jürgen Flauger in Handelsblatt, citing company sources. Subsidiaries RWE Power – responsible for lignite and nuclear power – and RWE Generation, which deals with gas, hard coal and hydro power generation will get separate executives. The move creates more flexibility for the company, writes Flauger. RWE Power could better concentrate on lignite mining in the Rhenish region, while it would be easier for RWE Generation to take part in consolidating conventional power generation in Europe, and even take over competitors.
Read the article (behind paywall) in German here and find an English version (behind paywall) here.
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