EnBW Supervisory Board appoints new Chief Financial Officer
Karlsruhe. At its meeting on December 9, 2004 the Supervisory Board of EnBW Energie Baden-Württemberg AG, Karlsruhe, appointed Dr. Christian Holzherr (41) to the Management Board of the company as the member responsible for financial affairs with effect from January 1, 2005 at the suggestion of CEO Prof. Dr. Utz Claassen. Since Dr. Bernd Balzereit left the Management Board on July 3, 2003, Prof. Claassen has served as acting CFO alongside his duties as CEO.
Shortly after Claassen originally took up office, the new CEO put Holzherr in charge of the TOP FIT cost-cutting programme. Holzherr joined the Management Board of EnBW Regional AG, Stuttgart, on February 7, 2002 and became CEO of the company on September 16, 2004. Before joining the EnBW Group, Holzherr was a commercial executive at E.ON/Bayernwerk and Robert Bosch GmbH.
CEO Claassen is extremely pleased with the new appointment: "I am delighted that Christian Holzherr has become CFO on the Board. He is an excellent leader who has performed impressively during the restructuring of the Group during the past 19 months. This appointment from within EnBW also underlines the talent and potential that exists in the company and therefore also gives a positive signal to our employees. I am also happy that I have been able to keep my promise to ensure that the question of the CFO would be resolved before the end of the year."
As CFO, Holzherr will be responsible for treasury and investor relations, accounting and taxes as well as corporate controlling on the operating front; in addition, he will remain in charge of the TOP FIT project he has headed since May 2003. Method responsibility for financial planning and controlling responsibility for the progress of the TOP FIT programme will remain with the CEO. In line with the Corporate Governance recommendations, Holzherr has been initially appointed CFO for a period of 3 years - in other words, until December 31, 2007. For the time being, Holzherr will continue to perform his current duties as CEO of EnBW Regional AG.
At the same meeting on December 9, 2004 the Supervisory Board also extended the contract of Pierre Lederer (55) as a member of the Management Board for 5 years until May 31, 2010 at the request of the CEO. Lederer is Chief Operating Officer on the Management Board and responsible for optimisation of the value added chain.