Uniper CEO Andreas Schierenbeck leaves

Push-out Score determined
After less than two years in the position
Praise for Schierenbeck
Klaus-Dieter Maubach taking over
Schierenbeck kept it short and said 19 words

(exechange) — Düsseldorf, Germany, March 29, 2021 — Andreas Schierenbeck, chief executive of Uniper, leaves — as “agreed with the Supervisory Board.” As announced by Uniper SE in a regulatory statement and in a news release on Monday, March 29, 2021, Andreas Schierenbeck leaves his post as chief executive officer at the third-largest listed German utility after less than two years in the role, effective immediately.

Andreas Schierenbeck’s duties as CEO will be taken over by Klaus-Dieter Maubach, most recently Supervisory Board Chair of Uniper SE.

“Accelerating the execution of the existing joint strategy and closer cooperation with Fortum”

Andreas Schierenbeck’s departure from the CEO post is explained as follows. Klaus-Dieter Maubach said: “I am honored to be entrusted with this role and look forward to working closely with my Management Board colleagues and all employees on accelerating the execution of the existing joint strategy and closer cooperation with Fortum.”

Precise information regarding Andreas Schierenbeck’s future plans was not immediately available.

“Step down”

Uniper said: “Uniper SE today got a new Chief Executive Officer, Klaus-Dieter Maubach, and new Chief Financial Officer, Tiina Tuomela. Klaus-Dieter Maubach succeeds Andreas Schierenbeck, who has today agreed with the Supervisory Board of Uniper to step down with immediate effect. Tiina Tuomela is the successor of Sascha Bibert who is also leaving Uniper today.”

Uniper further said: “The Supervisory Board of Uniper SE has today agreed with CEO Andreas Schierenbeck and CFO Sascha Bibert that they will leave the Board of Management of Uniper SE with immediate effect. Both mandates terminate by mutual agreement.”

“Amicably”

“Andreas Schierenbeck and Sascha Bibert leave Uniper amicably after having successfully set the course for the strategic redirection and towards decarbonization of the company. David Bryson will continue to serve on the Uniper Management Board as Chief Operating Officer and Chief Sustainability Officer. Similarly, Niek den Hollander will continue as Chief Commercial Officer on the Management Board of Uniper,” Uniper said.

Share price increase since June 2019

The announcement follows an increase in Uniper SE’s share price of 25% since June 2019. June 2019 is the month in which Schierenbeck’s tenure as CEO began.

In the position of CEO since 2019

Andreas Schierenbeck became CEO of the Company in 2019.

His bio reads as follows:

January 14, 1966 Born in Hohen-Neuendorf / Berlin (Germany)

1987 – 1992 Technical University Dresden, Dresden (Germany)

Degree: Master of Science (MSc Electrical Engineering)
1992: University Assistant for Automation and Control

1992 – 2000 Siemens AG

Project Lead & System Administrator, SECV (Australia)
Project Lead DANY 3, EdF Paris (France)
Project Manager EPM/Medellin & Enelven/Maracaibo (South America)
General Manager Distribution Management Systems (Germany)

2001 – 2005 FrankenData GmbH & Co. KG, Erlangen (Germany)

CEO and Managing Director

2003 – 2004 Siemens AG (Germany)

Vice President Power Distribution Transmission – Energy Management
Board Member of Telegyr Systems Leit- und Fernwirktechnik Co. OHG
Vice President Energy Automation Solutions

2005 – 2010 Siemens Schweiz AG, Zürich (Switzerland)

2005 – 2006: Senior Vice President Fire Service
2006 – 2010: CEO Business Unit Building Automation

2009 Harvard Business School, Boston (USA)

Advanced Management Program (AMP)

2010 – 2012 Siemens Industries Inc., Chicago (USA)

Division President Building Technology North and South America

2012 – 2019 ThyssenKrupp Elevator AG, Essen (Germany)

Since 2019 Uniper SE, Düsseldorf (Germany)

Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding Andreas Schierenbeck’s move on a scale of 0 to 10.

exechange reached out to Uniper and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 14.2021 ($).