May 14, 2008 | Amsterdam, 14 May 2008 Nuon Management Board member Peter Erich to leave the company
With effect from 1 July 2008 Peter Erich will step down as a member of the Management Board of energy company Nuon and will leave the company. In the light of the split-up of Nuon his position will not be filled, thereby reducing the Management Board to two members.
Peter Erich (51) is responsible for Nuon’s commercial and operating activities in the Netherlands and is in charge of the formation of the independent network company that is to be created in the context of the forthcoming unbundling of the Dutch energy companies.
In the last few years Erich has improved the commercial and operating performance of Nuon substantially. The Supervisory Board is very grateful to him for this. Peter Erich is resigning because Nuon is to be split into a network company and a production and supply company: he does not see a suitable role for himself in the new situation. In addition, Erich is keen to pursue his international career.
From 1981 to 2003 Erich worked for Shell in various management functions in various countries. Among his positions were those of Vice-President Petroleum Products for North-East Asia based in Beijing, CEO Global LPG in London and, immediately before joining Nuon, Vice-President Commercial Business for Europe, Russia and Turkey.
The leadership of the new network company passes to Peter Molengraaf, who has been appointed chairman of the board of the new network company with effect from 1 July 2008 (see separate press release).
About Nuon
Nuon is an ambitious energy company, serving more than three 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 5.7 billion in 2007, Nuon occupies a prominent position in the Dutch energy market. The shares are held by local and regional authorities.