Peter Terium appointed member and Deputy Chairman of Executive Board
At its meeting today, the Supervisory Board of RWE AG held intensive talks with the Executive Board about the future strategic direction of the company and gave its support to the Executive Board’s proposals. In addition, the Supervisory Board unanimously agreed on the future composition of the RWE AG Executive Board and the appointment of a Deputy Chairman to the Board.
- (1888PressRelease) August 09, 2011 - Peter Terium will be appointed a member of the Executive Board of RWE AG as of 1 September 2011. At the same time, he will be appointed Deputy Chairman of the Board. Terium has been Chairman of the Board of Essent N. V., a fully-owned subsidiary of the RWE Group in the Netherlands, since 2009.
Chairman of the Supervisory Board of RWE AG, Dr. Manfred Schneider said: "From a number of good candidates, we selected Peter Terium, an excellent manager who is very familiar with the company due to his many years experience of working in various management positions within the RWE Group and who, in particular, also has the necessary international and operational background. He will promote the further transformation of the company in a fast changing environment and will be able to lead the company to continued success in the future."
Peter Terium was born on 26 September 1963 in Nederweert, in the Netherlands. He worked for companies such as KPMG and Schmalbach-Lubeca AG before he came to RWE in 2003 where he held positions including Head of Group Controlling and CEO of RWE Supply & Trading.
Until his successor is appointed, Terium will continue to fulfil his tasks as CEO of Essent in addition to his new post.
Dr. Juergen Grossmann will continue to promote the ongoing strategic change within the company and to implement the structural processes for the Group. On 30 June 2012, Juergen Grossmann will leave the company and Peter Terium will take over as CEO.
At the same meeting today, the Supervisory Board of RWE AG decided to appoint Dr. Rolf Martin Schmitz Deputy Chairman of the Executive Board as of 1 July 2012.
Rolf Martin Schmitz has been a member of the Executive Board of RWE AG since 2009 and is responsible for operational supervision of the Group companies.
Rolf Martin Schmitz was born on 17 June 1957 in Mönchengladbach. After completing a doctorate and working for companies including Steag AG, VEBA AG and RheinEnergie AG, Cologne, he joined RWE AG in May 2009 as a member of the Executive Board.