Karlsruhe. Frank Mastiaux yesterday informed the nomination committee of the EnBW supervisory board that he has decided to leave EnBW when his second term as CEO of the company expires in September 2022.
Frank Mastiaux commented: "In recent years, EnBW has successfully reshaped itself along the lines of a long-term plan, consistently focusing on the requirements of the modern energy world. From a position of renewed strength, EnBW has now entered a period of sustainable growth in the years to come. The course for this has been set. This is the right time for me to hand over my office to other hands when my second term of office expires next year and to devote myself to new issues and challenges. I have not yet decided exactly what this will be, because my top priority is to continue my work as CEO of EnBW.”
Lutz Feldmann, Head of the Supervisory Board of EnBW: “Under the leadership of Frank Mastiaux, EnBW has successfully and exemplarily implemented a very difficult restructuring and at the same time opened up promising new prospects for the future. Not least in view of this pleasingly positive development, the Supervisory Board very much regrets Mr. Mastiaux's decision, but naturally respects and accepts it. We will set the process of succession in motion promptly, for which sufficient time has been given."