RWE : Markus Krebber appointed Board member of RWE AG

At its meeting today, the Supervisory Board of RWE AG appointed Dr Markus Krebber (43), currently CEO of RWE Supply & Trading, as a full member of the Executive Board of RWE AG, for a period of three years with effect from 1 October 2016. As already announced in March this year, Markus Krebber is to take over as CFO from Dr Bernhard Günther after the planned IPO of innogy SE. Until then, Günther will fulfil the dual role of CFO of RWE AG and innogy SE. Until the planned IPO of innogy SE, Krebber will be the Board member of RWE AG responsible for the trading business. Until further notice, he will also continue to fulfil his role as CEO of RWE Supply & Trading.

'I am delighted that, in Markus Krebber we have been able to recruit an outstanding expert from our own ranks to the Executive Board of RWE AG. Not only does he have comprehensive experience in all financial functions, his excellent access to the financial and capital market and considerable expertise in the commodity markets are of great value to us. By setting the course early in terms of personnel, we have ensured a seamless transition in the financial area of the RWE Group', says Supervisory Board Chairman of RWE AG, Dr Werner Brandt.

Markus Krebber has been a member of management of RWE Supply & Trading since July 2012 - until 31 August 2016 as CFO, and since March 2015 as CEO. Between 2005 and his move to RWE, Krebber held a number of management positions at Commerzbank. Krebber holds a PhD in economics. He began his professional career at Deutsche Bank and was with McKinsey & Co consultants for four years.