General Meeting Elects Supervisory Board Of EEX AG - Frank Gerstenschläger Is Chairman Of The Supervisory Board - Jürgen Kroneberg Is Deputy Chairman Of The Supervisory Board

The general meeting of EEX AG, the company that operates the biggest electricity exchange in Germany, elected the Supervisory Board on Thursday for its next regular term. At its first meeting, the newly constituted Supervisory Board elected Frank Gerstenschläger, member of the Deutsche Börse Executive Board, as Supervisory Board chairman, and Dr. Jürgen Kroneberg, deputy CEO RWE Net AG, deputy chairman of the Supervisory Board.

Frank Gerstenschläger is taking over from Otto E. Nägeli, who served as chairman of EEX AG since November 1999. Nägeli stepped down as deputy CEO of Eurex AG in March this year. Eurex AG, which holds 46.5 percent of the shares in EEX AG, is the company's biggest shareholder.

The Executive Board of EEX AG thanked Otto E. Nägeli on behalf of the company for his successful activity in building up EEX as the first integrated spot and futures market for electricity in continental Europe and the biggest electricity exchange in Germany.