Founded in 2000’ in Dusseldorf, Germany, E.ON is one of the largest investor owned utility companies and a proud member of the big 6 leading energy and gas suppliers alongside the likes of or British Gas and Scottish Power, the latter of which is now owned by the company.
E.ON is a renewable gas and electricity supplier based in Essen, but now operates in over 30 countries around the world from the UK, US, Europe, Oceania continent, Croatia, Czech Republic, Italy, and more, holding different websites for each region.
E.ON is decided into two main businesses; Energy Networks in Germany, Sweden and Turkey, and Customer Solutions in Benelux, Germany, the UK, and others.
E.ON’s regulated asset base (RAB) is 3.8% Sweden at €3.8bn, 21.9% Germany at €21.9bn, and 7.6% CEE & Turkey at €7.6bn, with most countries receiving at least 50% power and gas, in contrast to just power.
Their customer solutions are 6x top three and 4x top 1 marketing leading positions, claimed by their November Capital Markets overview.
A Brief Overview
E.ON and its subsidiary, E.ON Next, are leading players in the UK and European energy industry, providing innovative solutions and services to meet the evolving needs of customers while promoting sustainability and environmental responsibility.
E.ON Next is a dynamic energy company committed to delivering clean and affordable energy solutions to homes and businesses. With a focus on renewable energy, E.ON Next aims to create a sustainable future by empowering customers to make conscious energy choices.
At the helm of E.ON Next is its visionary CEO, who brings extensive experience and expertise to drive the company’s strategic direction. The CEO, with a deep understanding of the energy landscape and a passion for customer-centricity, spearheads E.ON Next’s efforts in revolutionizing the energy sector.
E.ON Next operates as a separate entity from E.ON, focusing specifically on customer-facing energy solutions. This distinction allows E.ON Next to concentrate its efforts on meeting the unique requirements of its customers, while E.ON continues to provide a wide range of energy services and solutions to a diverse customer base.
As a testament to their dedication to customer satisfaction, E.ON Next frequently announces exciting news and updates. By visiting the official website, Electricity and gas supplier | E.ON Next (eonnext.com), customers can stay informed about the latest advancements, energy-saving tips, and innovative initiatives introduced by E.ON Next. Additionally, following E.ON Next on Twitter (@EONNext) provides real-time updates and insights into their sustainable energy projects and community engagement.
E.ON Next takes pride in its commitment to creating positive change in the energy industry. By leveraging advanced technologies and investing in renewable energy sources, E.ON Next ensures that customers have access to clean, reliable, and affordable power. Their forward-thinking approach has earned them a reputation as a trusted and sustainable energy partner.
In addition to their core services, E.ON Next also offers customers the opportunity to participate in exciting initiatives like the E.ON Next Prize Draw. This initiative rewards customers for their commitment to sustainability by providing the chance to win exciting prizes while supporting a greener future.
Whether you are a residential customer or a business owner, E.ON Next offers tailored energy solutions to meet your unique needs. From renewable electricity and gas tariffs to smart home technologies and energy management tools, E.ON Next empowers customers to take control of their energy consumption and reduce their carbon footprint.
✓ 2022 EBIT guidance of €5.2 billion euros
✓ Current selective lockdown measures in E.ON countries
✓ Mid-term targets and dividend guidance confirmed
✓ Integration of innogy and synergy delivery fully on track”
Over €60bn of potential EU funding for E.ON is already being considered for climate projects, with 200 already identified to cover;
- Efficient and decarbonised district heating and cooling systems
- Energy efficiency in the industry sector and for SMEs
- Renovation of private and public buildings (schools and hospitals being a main focus)
- Smart Grids
- Storage infrastructure
- Infrastructure for renewable energy
- Renewable hydrogen
- Smart and sustainable mobility
Green and renewable energy sources have emerged as key players in the global energy transition, revolutionizing the way we produce and consume electricity. With increasing concerns about climate change and the need to reduce carbon emissions, investment in green and renewable energy has gained significant momentum. Let’s explore the investment power of green and renewable energy and its implications for the future.
Investing in green and renewable energy offers a range of benefits, both environmental and economic. As countries strive to meet their climate targets and reduce dependence on fossil fuels, governments and businesses are channeling substantial investments into renewable energy projects. This investment not only helps combat climate change but also stimulates economic growth, job creation, and technological innovation.
The renewable energy sector offers attractive investment opportunities across various technologies, including solar, wind, hydropower, bioenergy, and geothermal. Advances in technology, coupled with economies of scale, have made renewable energy more cost-competitive, making it an increasingly viable and attractive investment option.
In recent years, we have witnessed a significant increase in the deployment of renewable energy projects globally. The falling costs of renewable energy technologies, coupled with supportive government policies and incentives, have driven this growth. Investors recognize the long-term potential of green and renewable energy, as it provides a sustainable and resilient energy infrastructure for the future.
Moreover, the renewable energy sector has proven to be a stable investment choice. Renewable energy projects typically have long-term power purchase agreements (PPAs) or feed-in tariffs (FITs) in place, ensuring a predictable revenue stream. This stability, combined with the potential for long-term cost savings and the positive environmental impact, makes green and renewable energy investments an attractive option for both institutional and individual investors.
In addition to attracting private investments, governments around the world are increasingly allocating funds towards renewable energy projects. These investments aim to accelerate the deployment of clean energy infrastructure, enhance energy security, and create green jobs. The commitment to green recovery following the COVID-19 pandemic has further emphasized the importance of sustainable investments and renewable energy’s role in economic resilience.
Last year, E.ON’s Capital Markets Story leaned heavily on (green) finances and saw 78,948 in employment at 0.46€ dividend per share, and a -€1.6bn Net Income. As of November 2022, its Capital Market Story focuses heavily on sustainability, claiming 100% renewable electricity. This year’s document shares E.ON’s contribution to carbon reduction goals, alongside global challenges, and even posted “Hello Hydrogen: Role in the future energy landscape” on YouTube this week, explaining the link between Hydrogen and the EU climate targets. As a gas that can be produced 100% emission-free, E.ON feel that Hydrogen is a leading asset to achieving these goals.
Their sustainable development foals are highlighted as,
- Affordable green energy
- Sustainable cities and communities
- Climate action
|Global Challenges||E.ON’s contribution|
|IPPC long term goal to limit global warming to 1.5°C||Avoided emissions together with our clients 2019: >100m tons of C02|
|German greenhouse gas emissions to be cut by 55% by 2030||One out of five renewable assets in Europe are connected to E.ON’s grids|
|Green Deal: The EU will be climate neutral by 2050||E.ON will become carbon neutral by 2040|
E.ON’s Board Of Directors
The Board of Directors plays a crucial role in guiding the strategic direction and decision-making of the company. Let’s delve into the key aspects of E.ON’s Board of Directors.
The Board of Directors consists of individuals with diverse expertise and experience in various fields relevant to the energy industry. This collective knowledge ensures effective governance and the ability to address complex challenges. The Board’s primary responsibility is to act in the best interests of the company and its stakeholders, including customers, employees, and shareholders.
At the helm of E.ON’s Board is the Chief Executive Officer (CEO), who holds the ultimate responsibility for the company’s overall performance and strategic direction. The CEO of E.ON Next, the subsidiary focused on supplying energy to residential customers, is a key figure within the organization. While specific names may vary, the CEO plays a vital role in shaping the company’s vision, implementing strategies, and driving innovation.
The Board of Directors also includes non-executive directors who bring independent perspectives and expertise from various sectors. These individuals are appointed based on their industry knowledge, leadership skills, and commitment to corporate governance. They provide critical oversight, ensuring that E.ON operates ethically, complies with regulations, and maintains high standards of corporate responsibility.
To facilitate effective decision-making and operational oversight, the Board establishes various committees, such as audit, remuneration, and nomination committees. These committees focus on specific areas and enable in-depth examination and analysis of pertinent issues, ultimately benefiting E.ON’s customers and stakeholders.
There are five key players when referring to E.ON’s board of directors
CEO Johannes Teyssen,
Hildesheim born Joannes Teyessen originally started his career with the E.ON Group in 1989 after joining the VEBA company, who eventually grew into E.ON, and from 1998 to 2001, he managed a sister company of the supplier, offering around one million customers electricity and gas sales in Germany, especially Lower Saxony and Sachsen-Anhalt.
He was associated with various other leading roles in companies such as Eurelectric, the European leading name within the electricity sector, from 2013 to 2015, and represented Europe as World Energy Council’s Vice Chairman.
Tyessen has held various positions within the E.ON Group company since starting his professional career, firstly in Legal Affairs and Key Accounting Sales after his studies in Law and economics in Gottingen and Boston. He received a doctorate in Law after spending a number of years working at the Gottingen university.
From 2001 to 2006, Teyssen took his place on the Central Board of Management for their Munich branch as Chief Financial officer, and later as Chief Executive Officer – responsible for both general and large scale electricity generation, transmission grids and direct sales businesses in Germany to distribute the product.
In 2004 he also held a title at the Board of Management in Dusseldorf’s building, where he worked closely with marketing and customer related projects.
From 2008 to 2010, he held the title of Vice Chairman of the Board of Management, and was tasked with managing the groups ongoing operations. In 2010, Johannes also became a member of the Presidential Board of the Federation of German Industries (BDI), and a member of the Shareholder’s Committee of Nord Stream AG seven years later..
Since 2010, Teyssen has been the Chief Executive Officer and Chairman of the Board of Management, after 6 years as a member of management. He is now leading a list of things at E.ON SE, such as Strategy and Innovation, Communications & Political Affairs, Human Resources, Compliance & Security and Legal, with history in Culture & Performance and Corporate Audit as well as Health, Safety & Environment and Sustainability.
Dr. Ing. Leonhard Birnbaum
born in Ludwigshafen, Germany, has also held various positions within the industry since 2013, starting his career as a management consultant at McKinsey, Düsseldorf. Birnbaum studied Chemical Engineering in Karlsruhe and earned a doctorate from the University of Cottbus to later become Senior Partner for the energy and industrial sector. He was promoted to RWE AG’s Board of Management the American year he joined in 2008 and acted as Chief Strategy Officer and the group’s Chief Commercial Officer for five years following.
Since then, Leonhard has joined the Board of Management of E.ON SE, and now acts as Chief Operating Officer (Integration). He is currently head of the innogy integration project, nuclear coordination activities and internal consultancy.
Throughout his career with E.ON had served as;
Chief Commercial and Chief Regional Officer and Chief Operating Officer in Networks & Renewables with the company.
+49 171 9758264
Dr. Thomas Konig
now stands as a member of E.ON SE’s board since 2018, and holds the title of Chief Operating Officer (Networks).
Konig spent time at Westfalische Wilhelms-Universitat in Munster, earning a doctorate after taking on work at the institute of corporate research. He studied business administration and started his career at E.ON as which was formerly known as VEBA AG. He held a leading role in merging VEBA AG and VIAG AG, being promoted from 2005’s role of Chief Financial Officer to Chairman of Board of Management in the same year.
From 1995 to 2005, he was involved in corporate planning and business administration, but under his patronage, E.ON Group were met with savings of over €1billion, which unsurprisingly led him to be appointed as Chief Financial Officer and Labour Director at E.ON Ruhrgas AG. From here, Dr. Thomas Konig was the leading man in the reorganisation of German sales and Network business with E.ON.
In 2018, Konig took a significant role in E.ON’s German network business, as CEO and CFO of Energienetze Deutschland, and now rests as Board of Management, responsible for Energy Networks and Supply Chain, including Turkey.
Dr Marc Spieker
now stands as Chief Financial Officer after joining E.ON in 2002 as an expert in corporate planning and control. He holds a doctorate in business administration from Wissenschaftliche Hochschule Fur Unternehmensfuhrung and Madrid and was granted an MBA from the University of Texas (Austin).
After his initial interest inside E.ON, Spieker moved to Sydkraft AB and E.ON’s Swedish sister in Malmo, where he supported the integration of the companies but came back to the Group as the head of the department for controlling and reporting of group activities in Scandanavia, UK and the US as well as global trading in 2006.
Following a clearly fluent developing career, Snieker later returned as a division head in the Group’s energy business section, overseeing commercial strategy and optimisation of the entirety of E.ON’s commodity portfolio.
Finally, Marc has settled into his new role in 2017 as CEO of Renewable Energies. During this time, he too became a Member of the Board of Management.
Former CEO of E.ON Espana in Madrid, Dr. M Snieker is responsible for; finance, investor relations, and risk management. He stands as project head of Strategy Project One2two and deals with Mergers & Acquisitions, Accounting & Controlling, Tax and S4 Transformation.
As a member of the Board for Management at E.ON SE since 2016, Dr. Karsten Wildberger now stands as Chief Operating Officer (Commercial).
He studied physics at the Technical University of Munich and RWTH Aachen University where he earned his doctorate in theoretical physics following a period of academic work at the Julich Research Centre. Karsten also gained MBA from the INSEAD Business School in Fontainebleau, France.
Working inside a number of trusted companies before joining E.ON, he held management positions with the Boston Consulting Group as a Management Consultant, and other leading roles over time with both T-Mobile and Vodaphone, later being appointed as Group Managing Director of the consumer business and digital transformation of the Australian company, Telstra, based in Melbourne.
Wildberfer is responsible for; Retail and Customer Solutions within E.On as well as Market Excellence, Energy Markets and general Marketing, Digital Transformation and IT.
Alongside these names, Supervisory Board Employee Representatives as seen in table 2.
E.ON’s Supervisory Board Employee Representatives
|SUPERVISORY BOARD OF EMPLOYEE REPRESENTATIVES AND THEIR INFO|
|Andreas Scheidt||Deputy Chairman of the Supervisory Board|
|Monika Krebber||Chosen for her knowledge of business administration and experience in the supervisory board|
|Eugen Gheorghe Luha|
|Szilvia Pinczesne Martin||Gaining her place with a strong knowledge of the network business and co-determination matters|
|Elizabeth Wallbaum||An expert in energy generation and IT-based process control|
E.ON Next’s Board in the United Kingdom
|Justin Miller, CTO||CTO|
|Anthony Ainsworth Member of the Management Board||Member of the Management Board|
|Matthew Timms, Chief digital and Technology Officer and CEO||Chief Digital and Technology Officer and CEO|
|Phil Gilbert, Transformation Director||Transformation Director|
|Damian Kirk, Director of Residential||Director of Residential has held multiple roles within the company over 18 years. Former Information Risk Manager at Powergen.|
|Andy Fairey||Lead Digital Experience and Innovation, Nottingham Trent University Graduate and former Web Editor at National Institute for Health and Care Excellence.|
Key Financial Info
In their latest company accounts filed in 2022, E.on next have £232,759 in net assets, which is up quite a bit from the year prior which sat at £57,034.
In today’s digital age, social media has become a powerful tool for companies to engage with their customers and provide real-time updates. E.ON recognizes the importance of maintaining an active and informative presence on social media platforms. Let’s take a closer look at E.ON’s social media channels and how they keep their customers informed and engaged.
E.ON has a strong presence on various social media platforms, including Twitter, Facebook, LinkedIn, and YouTube. These channels serve as valuable communication channels for customers to connect with E.ON and stay up to date with the latest news, energy tips, and promotional offers.
On Twitter, E.ON’s official handle, @EONhelp, is dedicated to addressing customer queries and providing timely support. Customers can reach out to E.ON’s customer service team for assistance with account-related inquiries, billing concerns, or any other energy-related questions. The Twitter account is actively monitored, ensuring that customers receive prompt responses and resolutions.
E.ON’s Facebook page serves as a hub for energy-related information, offering a range of content such as energy-saving tips, product updates, and community initiatives. Customers can engage with the page by liking, commenting, and sharing posts, fostering a sense of community and collaboration. The platform also provides an avenue for customers to leave feedback and share their experiences.
LinkedIn is utilized by E.ON to share industry insights, company news, and career opportunities. This platform caters to a more professional audience, offering valuable content for businesses and individuals interested in the energy sector. E.ON showcases its expertise, corporate responsibility initiatives, and innovative projects through engaging articles and updates.
YouTube is utilized by E.ON to provide video content, including tutorials, educational resources, and promotional videos. Customers can access helpful guides on topics such as energy efficiency, smart meter usage, and understanding energy bills. The channel also features interviews with experts, giving customers an in-depth understanding of E.ON’s initiatives and services.
Through their active and informative presence on social media platforms, E.ON strives to keep their customers well-informed, engaged, and supported. Customers can access valuable energy-related content, seek assistance, and stay updated on the latest news and promotions. E.ON’s commitment to maintaining an active social media presence reflects their dedication to delivering excellent customer service and building strong relationships with their audience.
Find The Links Below