This content is not available in your region

Germany's E.ON needs to change, strategic process launched - CEO

E.ON to invest $30 billion to prepare grids, customers for green future
E.ON to invest $30 billion to prepare grids, customers for green future   -   Copyright  Thomson Reuters 2021
By Reuters

FRANKFURT (Reuters) – E.ON, Germany’s largest energy group by market value, has launched a strategic process, its new chief executive said on Wednesday, adding results were to be expected in autumn.

“There is need for change,” Leonhard Birnbaum, who took over as CEO last month, said during the group’s virtual annual general meeting, declining to be more specific.

(Reporting by Christoph Steitz; Editing by Riham Alkousaa)