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.
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