EnBW Energie Baden Württemberg : Supervisory Board appoints Peter Heydecker, Head of Energy Trading, as new Board Member for Generation

Karlsruhe. Just a few weeks after the appointment of Georg Stamatelopoulos as the new CEO of EnBW, the Supervisory Board today appointed Peter Heydecker, 57, as the new Board Member for the Sustainable Generation Infrastructure segment with effect from 1 May this year. Peter Heydecker was previously in charge of the International Energy Trading business unit at EnBW, which is part of the Generation segment. He will take over the segment directly from Georg Stamatelopoulos, who had been managing it in a dual role.

Lutz Feldmann, Chairman of the Supervisory Board at EnBW, commented on the appointment: "We are pleased to have been able to find a suitable internal successor in a prompt manner. Peter Heydecker has been highly familiar with all aspects of generation for a number of years and has outstanding knowledge of the international energy markets, which are already essential to the success of the energy transition and how it is shaped. The EnBW Board of Management is once again complete within a short space of time and Georg Stamatelopoulos can now fully concentrate on his responsibilities as CEO."

EnBW CEO Georg Stamatelopoulos added: "On behalf of the entire Board of Management, I would like to welcome our new colleague Peter Heydecker. Generation is very much at the heart of the energy transition. Above all else, however, it represents a key pillar of the EnBW Group. The marketability and profitability of our projects in the area of renewable energy and dispatchable power plant capacity are critical to the company's success. With his expertise and experience, Peter Heydecker is the ideal person to manage this market-oriented focus within the Generation segment."

Peter Heydecker: "I would sincerely like to thank the Supervisory Board for the trust they have placed in me and I look forward to working even more closely with the Management Board in the future. The energy transition is entering a new phase. Market mechanisms are increasingly replacing subsidy mechanisms. EnBW's subsidy-free He Dreiht offshore wind farm is the clearest example of this. Under these new circumstances, I would like to contribute to EnBW's continued growth in the Generation segment."

Born in Switzerland, Peter Heydecker obtained an engineering degree before embarking on his career at Atel in Olten, Switzerland, in the field of power plants and high-voltage grids. He then took on senior positions at Enron and Hess, both in London, before moving to the Swiss energy supplier EOS in Lausanne. This was followed by managing and senior positions at the Swiss companies Alpiq in Olten and Vitol in Geneva. Peter Heydecker joined EnBW in 2017 as Head of Energy Trading.

About EnBW

With a workforce of over 28,000 employees, EnBW is one of the largest energy supply companies in Germany and Europe. It supplies electricity, gas and water together with infrastructure and energy-related products and services to around 5.5 million customers. In the company's transformation from a traditional energy provider to a sustainable infrastructure group, the expansion of renewable energy sources and of the distribution and transportation grids for electricity and gas are cornerstones of EnBW's growth strategy and the focus of its investment spending. By 2030, EnBW plans gross investments of €40 billion, around 90% of which will be in Germany. EnBW aims for renewables to account for over half of its generation portfolio by as early as the end of 2025 and to phase out coal by the end of 2028. These are key milestones on the way to the company being carbon-neutral by 2035. www.enbw.com