The Uniper boss makes use of his special right of termination.
(Photo: dpa)
Dusseldorf After the nationalization of the troubled energy company Uniper, CEO Klaus-Dieter Maubach wants to make room for a successor. Maubach and David Bryson, the board member responsible for the operational business, wanted to make use of their special right of termination in the event of a change of ownership and resign this year, Uniper announced on Tuesday.
Both had declared their willingness to continue in office until a suitable successor had been appointed. In both cases, this will ensure an orderly transition. The Supervisory Board has already started the process of filling the position. The 60-year-old Maubach has been CEO since March 2020.
In mid-December, the previous Uniper shareholders cleared the way for a state takeover. The company previously belonged to around 70 percent to the Finnish state-owned company Fortum. The federal government is now the owner with 99 percent.
When entering the federal government brought eight billion euros capital. Uniper estimates that the required state aid could increase to a total of more than 30 billion euros by the end of 2024. At the end of December, the company had already received a further 5.5 billion euros in fresh money.
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Uniper should continue to reliably buy gas on the world market and supply German municipal utilities and industrial customers. However, it may be years before the Düsseldorf-based company becomes profitable again with this crisis-ridden business.
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