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Europe's utilities see heavy churn as a dozen CEOs depart in less than 2 years


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Blog
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Video: Path to Carbon-Free Power Generation by 2035
23 Dec, 2020
Author
Yannic Rack
On Dec. 15, the supervisory board of E.ON SE said it would replace its CEO, Johannes Teyssen, once his term expires at the end of March 2021. Teyssen has steered the German utility through a tumultuous decade, including Germany s nuclear exit and a €40 billion deal that reshaped the company into one of Europe s largest grid operators and energy suppliers.
His imminent departure will also make him the latest in a long line of chief executives headed for the door at European power and gas companies. This year, 12 of 25 of the largest public and private energy utilities have switched leaders or announced that their CEOs will leave before the end of 2021. ....

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