Erich Clementi to replace Karl-Ludwig Kley as E.ON chairman

Erich Clementi to replace Karl-Ludwig Kley as E.ON chairman

(IN BRIEF) Karl-Ludwig Kley, Chairman of the Supervisory Board of E.ON SE, has decided not to stand for re-election to the company’s supervisory body. His successor as Chairman will be Erich Clementi, who, like Kley, has been a member of the Supervisory Board since 2016. E.ON’s restructuring, focus on sustainability and digitalisation, and growth under Kley’s leadership have put the company in a strong strategic position. Clementi, who worked in various positions at IBM until 2019, brings experience in digitalisation, which is central to E.ON and the future of the energy industry. The shareholders will vote on Clementi’s re-election at the Annual General Meeting in May.

(PRESS RELEASE) ESSEN, 15-Mar-2023 — /EuropaWire/ — The Chairman of the Supervisory Board of E.ON SE, Karl-Ludwig Kley, has decided not to stand for re-election to the company’s supervisory body at the Annual General Meeting on 17 May 2023.

Kley’s successor as Chairman of the Supervisory Board – subject to his re-election at the Annual General Meeting and his subsequent election by the newly formed Supervisory Board – will be Erich Clementi, who, like Kley, has been a member of the Supervisory Board since 2016. Commenting on his decision to initiate the change at the top of the Supervisory Board, Kley said: “Now is the right time to place the office in new hands. After several years of fundamental restructuring with a clear focus on sustainability, digitalisation and growth, the Group now is in an excellent strategic position. The new Board of Management team assembled under Leonhard Birnbaum in 2021 is stable and well positioned for the long term. E.ON has demonstrated the robustness of its strategy and positioning in the energy crisis of recent months.”

Karl-Ludwig Kley has played a key role in shaping E.ON’s current profile. His term as Chairman of the Supervisory Board saw the most important milestone in the company’s recent history: the takeover of innogy from RWE and the focus on distribution networks and customer solutions for the green energy transition. The prerequisite for this decisive step was the restoration of the company’s sound financial position, which was achieved, among other things, through the sale of the remaining Uniper shares to Fortum. The strategic realignment was also accompanied by a cultural change that has made E.ON more digital and diverse.

His designated successor, Erich Clementi, has already been closely involved in E.ON’s successful development in recent years. The 64-year-old worked in various positions at the technology group IBM until 2019, most recently as Senior Vice President Global Integrated Accounts and Chairman IBM Europe. In addition to his many years of management experience, he brings with him particular expertise in the field of digitalisation, which is central to E.ON and the future of the energy industry.

At this year’s Annual General Meeting in May, E.ON shareholders will not only decide on the re-election of the designated Chairman of the Supervisory Board, Clementi, to the supervisory body, but also on the complete future composition of the shareholder representatives. The AGM will mark the end of a temporary enlargement of the Supervisory Board to 20 members, which came into effect after the innogy takeover. The future E.ON Supervisory Board will only have 16 members. Further details and the election proposals will be published with the invitation to the Annual General Meeting at the beginning of April.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.

Media Contact:
Leif Erichsen
Vice President Media & Employee Relations Group Press Spokesperson

SOURCE: E.ON SE