At today’s meeting of the Supervisory Board of European Energy Exchange AG (EEX) Peter Reitz was appointed the new CEO of EEX AG. At the same time, the Supervisory Board of European Commodity Clearing AG (ECC) also appointed him as CEO of ECC AG. Peter Reitz, who has a diploma in mathematics, will take office in Leipzig in both of these functions on 1 August 2011.
“We are pleased that with Peter Reitz we were able to bring an internationally experienced executive to Leipzig who knows EEX and the exchange trading business very well“, says Dr. Jürgen Kroneberg, Chairman of the Supervisory Board.
“Over the past ten years EEX has evolved into the leading energy exchange in Europe“, explains Peter Reitz and adds: “This is an excellent basis for the further strategic development of a transparent trading platform for the energy markets. I am pleased that, in the capacity of CEO of EEX, I will be able to contribute to this development in the future.“
In the framework of his new position, Peter Reitz will assume responsibility for the fields of strategy and market development, corporate communications and marketing as well as political communications for EEX Group.
Peter Reitz has accompanied the development of EEX as a member of the Supervisory Board since 2007, since 2001, he has been a member of the Executive Board of the Eurex derivatives exchange, where he is responsible for the Business Development Division. Peter Reitz started his career with Deutsche Börse AG, one of the two Eurex parent companies, in 1991. From 2000 to 2001 he worked at Dow Jones Indexes in New York.
Following the appointment of Peter Reitz, who will also retain his position on the Executive Board of Eurex, EEX will again be managed by a Management Board comprising three members from 1 August. On this Board, Dr. Christoph Mura holds responsibility for the operative business as COO, while Iris Weidinger has the position of the Group’s Chief Financial Officer (CFO).
The European Energy Exchange (EEX) develops, operates and connects secure, liquid and transparent markets. EEX holds 50 percent of the shares in EPEX Spot SE, which operates the Spot Market for Power for Germany, France, Austria and Switzerland. The German and French Derivatives Market for Power is concentrated within EEX Power Derivatives GmbH, a majority-owned subsidiary of EEX with registered offices in Leipzig. Furthermore, EEX offers spot and derivatives trading in natural gas and CO2 emission allowances as well as trading in financial coal futures. EEX Group also includes European Commodity Clearing AG (ECC), the central clearing house for energy and related products in Europe.