Energy suppliers – Schell is to become EnBW boss – Economy

The energy group EnBW will soon be managed by Andreas Schell, the previous boss of the large engine manufacturer Rolls-Royce Power Systems. The German press agency learned this on Tuesday from circles of the EnBW supervisory board. The 52-year-old manager is to succeed Frank Mastiaux, who, as already announced, will leave the third-largest utility in Germany at the end of September after ten years.

Last year, EnBW achieved sales of almost 32.15 billion euros and an operating profit of 2.96 billion euros. The company has a good 26,000 employees and 5.5 million customers. In the search committee of the supervisory board, the two major shareholders, the state of Baden-Württemberg and the municipal special-purpose association Oberschwaebische Elektrizitätswerke (OEW), have already agreed on Schell. On Thursday, the supervisory board is to officially decide on the personnel.

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