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Ewald Woste new Chairman of the STEAG GmbH Supervisory Board

STEAG GmbH’s Supervisory Board has a new Chairman: Ewald Woste, an experienced and accomplished industry expert who has worked in the energy sector for 30 years, was unanimously elected on 8th December 2022 by the 20 members of the board.

Woste will take up the post in a landmark phase for the energy company: Following the division of the STEAG Group, Essen/Germany, into a coal business and a green growth business, the process of selling the company as a whole will be launched at the beginning of 2023.

In electing Woste, the Supervisory Board followed a proposal from Dortmund. “Ewald Woste is a proven expert in the energy sector, he has a large network and will not need any time to prepare himself for his role as Chairman of STEAG’s Supervisory Board,” said Guntram Pehlke, Chairman of the Management Board of DSW21, the largest indirect shareholder in STEAG with 36 %. The sole owner of STEAG is Kommunale Beteiligungsgesellschaft KSBG. Its shareholders are six Ruhr district municipal utilities. “The interests of the local authorities behind the municipal utilities are in the best of hands for the upcoming sale process with Mr. Woste,” Pehlke added.

At the meeting, the Supervisory Board also extended the appointment of Ralf Schmitz as Chief Transformation Officer (CTO) and member of the Management Board of STEAG by one year. In addition to transformation, Schmitz is also responsible for the operational management of the sale process at STEAG.

“We are entering 2023, a crucial year for STEAG, with a good lineup of personnel,” emphasized Dietmar Spohn, CEO of Stadtwerke Bochum, on behalf of the municipal shareholders. “The agreement now reached was also possible because all those involved were prepared to put aside their personal interests and keep the big picture in view. We will now systematically press ahead with the sale of STEAG.”

Woste succeeds Gerhard Jochum, who has resigned as Chairman of the Supervisory Board of STEAG GmbH. (STEAG/Si.)