Feb 15, 2008 | Amsterdam Nuon appoints Øystein Løseth as Chairman of the Management Board
Ludo van Halderen (61) will resign as Chairman of the Management Board of Dutch energy company Nuon on 23 April 2008, one day after the annual General Meeting of Shareholders. At the same date, the Supervisory Board will appoint Øystein Løseth (49) as Chairman of the Management Board.
The timing of Van Halderen’s departure is a natural consequence of the current developments within Nuon. The company is currently in the process of establishing two new, strong companies, as a result of the Independent Grid Management Act. The act forces integrated Dutch energy companies to completely unbundle the grid activities from the production & supply activities. ‘The unbundling is a logical moment for me to leave’, few months time, these companies should be led by a younger generation of management says Ludo van Halderen. ‘After the two new companies have become operational in a. Fortunately, we have sufficient management quality within Nuon, so I am glad to accommodate this step.’
The organisation of the network company and production & supply company will be well advanced at the time of Van Halderen’s resignation. The two companies will be ready for unbundling by mid 2008. In consultation with the Supervisory Board, the three remaining Board members have been appointed to lead the formation and organisation of the two new enterprises: Øystein Løseth (Chairman) and Doede Vierstra (CFO) for the production and supply company and Peter Erich for the network company. Nuon will remain one company until unbundling becomes formally effective.
For the past 6 years Ludo van Halderen has successfully guided Nuon through a turbulent period. Liberalisation, privatisation and unbundling have completely restructured the Dutch energy market. In addition, internationalisation increased and Van Halderen changed Nuon’s strategy towards a strong focus of Nuon’s activities on energy and concentrated on the Netherlands, Belgium and Germany. Under Van Halderen’s chairmanship, profits and returns increased significantly and from Nuon’s vision on future energy supply, substantial attention has been awarded to the issue of sustainability. The Supervisory Board has expressed its great appreciation for these results.
Øystein Løseth (Norwegian) joined Nuon in 2003 and was appointed as member of the Management Board on 1 January 2006. Since then he has been responsible for leading the Nuon’s production and trading activities in the Netherlands, Belgium and Germany. Løseth has a considerable international experience and previously worked for Statkraft, Naturkraft and Statoil.
About Nuon
Nuon is an ambitious energy company, serving 2.6 million consumers and organisations with over 10,000 employees in the Netherlands, Belgium and Germany. Nuon produces, transports and delivers electricity, gas, heating and cooling, and engages in energy trading in the major international markets. Nuon also supplies additional services and technological innovations to businesses and consumers. In doing so, Nuon aims to provide a reliable, sustainable and affordable energy supply. With a turnover of EUR 5.6 billion in 2006, Nuon occupies a prominent position in the Dutch energy market. The shares are held by local and regional authorities.
Curriculum vitae
For further information about the careers of Ludo van Halderen and Øystein Løseth, see the following pages:
Further information
Nuon Press office
Bart Sikking, spokesman
Telephone: +31 20 597 42 00
E-mail: pressoffice@nuon.com