Uniper to reshuffle supervisory board as part of bailout (updated)
14/12/2022 14:59
(Adds CEO comment, context)
FRANKFURT, Dec 14 (Reuters) - Uniper UN01.DE will
reshuffle its supervisory board as part of a planned bailout by
the German government, the struggling gas trader said on
Wednesday, just days before a shareholder meeting to approve
what is essentially a full nationalisation.
Four new board members, including former E.ON EONGn.DE
Chief Financial Officer Marcus Schenck, are set to succeed the
representatives of current majority shareholder Fortum
FORTUM.HE on the supervisory board, the company said.
The changes would become effective after the company's
extraordinary general meeting on Dec. 19. Tom Blades, former
Chief Executive of Bilfinger GBFG.DE , is expected to take over
as Uniper's supervisory board chairman, replacing Fortum CEO
Markus Rauramo in that position, the company said.
"I am very pleased about the early nomination of the new
Supervisory Board members, all of whom have outstanding energy
and financial expertise," Uniper CEO Klaus-Dieter Maubach said.
Uniper, Germany's top gas trader, in September secured a
51.5 billion euro ($54.8 billion) bailout to stay afloat after
Russia, its main supplier, suddenly stopped gas flows and forced
the company to buy replacement volumes at much higher prices
elsewhere.
($1 = 0.9394 euros)
(Reporting by Tristan Chabba in Gdansk and Christoph Steitz;
editing by Matthias Williams)
((Tristan.Chabba@thomsonreuters.com;))