News Digest Item
20 Dec 2017

innogy's CEO leaves group days after profit warning

innogy / Reuters

Peter Terium, CEO of German utility innogy, has left the RWE renewables spin-off days after the company said it will make less profit than anticipated this year and next, which had resulted in a considerable drop in share prices in the second week of December, reports news agency Reuters. “The supervisory board welcomes the corporate and finance strategy pursued by the board, but sees the necessity for greater emphasis on cost discipline and a more focused growth and investment strategy”, innogy said in a press release.

Read the Reuters article in English here, and the innogy press release in English here.

Find background in the dossier Utilities and the energy transition.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee