EnBW’s Supervisory Board decides to reappoint Dr. Bernhard Beck and Dr. Hans-Josef Zimmer

Karlsruhe/Stuttgart. At its ordinary meeting on 8 December 2011, the Supervisory Board of EnBW Energie Baden-Württemberg AG decided to reappoint Dr. Bernhard Beck as a regular member of the Board of Management for a further five years effective 1 October 2012. Dr. Bernhard Beck is Chief Personnel Officer.

The Supervisory Board also reappointed Dr. Hans-Josef Zimmer as a regular member of the Board of Management for a further five years effective 1 January 2012. Dr. Zimmer was EnBW’s Chief Technology Officer between 2007 and 2010 and had resigned of his own volition in 2010 in order to pave the way for a fully independent review of the contractual arrangements between EnBW and Russian business partners. The review and assessment of these matters has meanwhile been completed.

Following the announcement by EnBW’s CEO Hans-Peter Villis that he would not be available for reappointment as CEO after the end of his service contract at the end of September 2012, the Supervisory Board’s decision to reappoint Dr. Beck and Dr. Zimmer is intended as a sign of continuity.

“Dr. Bernhard Beck and Dr. Hans-Josef Zimmer are both competent and experienced figures, who possess an intimate knowledge of the company. That is important for EnBW in light of the challenges ahead and the associated upcoming changes for EnBW,” says Dr. Claus Dieter Hoffmann, chairman of the Supervisory Board.

With respect to the search for a new CEO, the Supervisory Board has decided to advertise the position externally.

The Supervisory Board also adopted the budget and medium-term planning for the company for the years 2012–2014 unanimously. In this connection, it welcomed the willingness expressed by the state government to propose a capital increase at EnBW to the state parliament of Baden-Württemberg and support this motion. This capital increase by the state and Oberschwäbischen Elektrizitätswerke (OEW) is evidence of the willingness of both shareholders to actively further EnBW’s development.

As part of its deliberations regarding the medium-term planning, the Supervisory Board confirmed that the gas business constitutes a key component of EnBW’s strategy. EnBW’s general interest in cooperation with VNG and its shareholders as equal partners is unchanged in this connection. The associated economic conditions will, however, need to be reassessed without time pressure.