Uniper head steps down following nationalization

Tuesday, 10. January 2023 12:09

Uniper SE announced on Tuesday the resignations of its Management Board Chairman and Chief Executive Officer (CEO) Klaus-Dieter Maubach (pictured) and Chief Operations Officer (COO) David Bryson, which came following the German government's takeover of the majority of the company's stake.

Uniper's written statement read that both Maubach and Bryson will continue to act in their positions until adequate replacements are found. It added that it is "now exploring all options" concerning the board as its only remaining member Chief Commercial Officer (CCO) Niek den Hollander's contract expires in May. Previously, Chief Financial Officer (CFO) Tiina Tuomela resigned.

"Klaus-Dieter Maubach has led Uniper through the existential crisis triggered by Russia last year. He has succeeded in stabilizing the company, for which he deserves great thanks," Supervisory Board Chairman Tom Blades commented, while Maubach said the government's takeover "marks the start of a new phase" that should be led by a new board.

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