RWE Supervisory Board has decided to make a new five-year CEO deal with Peter Terium starting 1 March 2016. His previous deal expires on 29 February 2016.
This approach allows the Supervisory Board to ensure continuity at an early stage at the top of the company.
The Chairman of the Supervisory Board of RWE AG, Dr. Manfred Schneider, explains: “The RWE Group is still in troubled waters. Peter Terium has initiated long-term projects, which are of considerable importance for the optimisation of the Group in the coming years.
First results are already visible. In this phase, the company needs long-term continuity and reliability in the management team. I am therefore delighted that the Supervisory Board and the company can continue to count on the leadership of Peter Terium.”
The Supervisory Board also decided to extend Uwe Tigges’ mandate as an RWE Executive Board member by five years until 31 December 2020. This will take effect on 1 January 2016. In addition, he will continue in his position as Chief Human Resources Officer at RWE AG. Tigges has been a Board member since January 2013.