Dr Klaus Rauscher appointed Managing Director of HEW
Dr Klaus Rauscher appointed Managing Director of HEW At its meeting on Thursday 4 October 2001, the Board of Hamburgische Electritictäts-Werke AG (HEW) appointed Dr. Klaus Rauscher as Managing Director of the company. The Board of HEW appointed Dr. Klaus Rauscher in conformity with the proposal from its Chairman, Mr Lars G. Josefsson, Vattenfall's President and CEO. (See press release from Vattenfall, 25 September 2001.) Dr. Rauscher will take up his duties on 1 November. In his function as Managing Director of HEW he will also lead the integration process for HEW, VEAG and LAUBAG, and thus the development of the "Neue Kraft" (New Force) being created on the German energy market to form what will be the third largest energy company in Germany. "Neue Kraft has no time to lose. This work will now proceed with new vigour. The appointment of Dr. Rauscher as Managing Director of HEW is another significant milestone along the way. As I have pointed out before, the new head of Neue Kraft must above all act with integration in mind. I believe that in Dr. Rauscher we have found just the manager we need," commented Lars G Josefsson. Issued by Vattenfall's Press Office, telephone +46 8 739 50 10. For further information please contact: Karl-Erik Olsson, Press Director, Vattenfall, telephone: +46-8-739 75 83, mobile +46-70-538 81 38. Vattenfall's vision is to be a leading European energy company. The Nordic region, Poland and Germany are its domestic markets. Today, Vattenfall generates power and supplies energy solutions to several million customers in the Nordic region and northern Europe. The largest electricity customers are industrial plants and energy companies. Vattenfall's main products are electricity, heat and natural gas, as well as network, consulting and maintenance services. The Group's net sales in 2001 are calculated to around SEK 70 billion. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/05/20040817BIT21740/wkr0001.pdf