Releases - Vattenfall

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2009

 

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Lars G. Josefsson’s successor appointed. Øystein Løseth takes over as CEO before...

11/16/2009 2:15 AM EST
Since early summer 2009, Vattenfall’s board has been implementing a succession plan ahead of Lars G. Josefsson’s retirement in 2010 at the age of 60.
“The board has now concluded its succession planning, which included both internal and external candidates. We are pleased to have found in Øystein Løseth an internal candidate who in the best of ways meets our needs,” said Lars Westerberg, Chairman of Board...

Vattenfall denies allegations that the CEO, Lars G. Josefsson, should have pawne...

11/12/2009 6:17 PM EST
The Swedish commercial TV channel TV4 on Thursday claimed that Vattenfall’s CEO Lars G. Josefsson has “pawned” the whole company through a deal with Vattenfall’s German subsidiary. That allegation is totally unfounded.
It is true that Vattenfall signed a deal with its German subsidiary. Such deals are commonplace in German groups. They simplify for the parental company the running of its subsidiaries. For...

No decision to sell Vattenfall’s Swedish distribution

11/10/2009 6:01 PM EST
Vattenfall denies a report by Swedish TV4 that the company is about to sell its Swedish Distribution business. No such decision has been taken either by the Group management or the board.
For further information, please contact: Mark Vadasz, Head of Group PR and Media Relations, phone +46 (0)8 739 6066, mobile +46 (0)70 344 61 50. From Vattenfall's Press Office, telephone: +46 (0)8-739 50 10.

Irish Minister welcomes Vattenfall Ocean Energy investment

10/19/2009 7:42 AM EST
Vattenfall has selected Ireland to develop commercial scale ocean wave energy electricity generation. Announcing the initiative, Ireland’s Minister for Communications, Energy and Natural Resources, Eamon Ryan, today called it an exciting and very timely initiative to develop a viable, clean and valuable new renewable energy source.
A joint venture, Tonn Energy, has been formed between Vattenfall and Wavebob, an...

Elisabeth Ström new Communication Director at Vattenfall

10/13/2009 3:29 AM EST
Ms. Elisabeth Ström has been appointed Communication Director at Vattenfall. She will take up her position January 1st, 2010.
The new Communication Director, also Vice President and member of the Group Executive Management, will be responsible for Vattenfall’s communication and market intelligence. This implies that Vattenfall is now applying a more comprehensive view on communication and business issues, based...

Quarter of a million climate signatures handed to UN

9/22/2009 10:45 AM EST
Today, 244,388 signatures gathered during Vattenfall’s global climate initiative are being handed to the UN’s official environmental programme “Seal the Deal”. The signatures are being handed over to UN during the current climate summit meeting in New York.
“Through its climate manifesto, Vattenfall has given the public a chance to influence decision-makers at a global level. In this way, we want to give our...

Vattenfall’s trading unit changed name to Vattenfall Energy Trading

9/8/2009 9:20 AM EST
Vattenfall Trading Services has changed its name to Vattenfall Energy Trading.
“We have grown from an electricity trading unit, based in Hamburg and Stockholm, to a European energy trading unit which covers all commodities and regions in which Vattenfall is active in.
The merger of Vattenfall Trading and Nuon Energy Trade & Wholesale has taken our business to the next level. Our new name reflects this broad range...

Vattenfall plans to sell German subsidiary WEMAG

8/31/2009 7:22 AM EST
Vattenfall plans to sell its 80,3 percent share in the regional electricity company WEMAG. The buyers are the 268 municipalities of Mecklenburg-Western Pomerania and Brandenburg, which today owns the minority share. The purchase price amounts to EUR 170 million.

Closing of the transaction will require approval by the government authority supervising the municipalities as well as by the German Cartel Office. The...

Per Olof Granström new head of Vattenfall European Affairs

8/25/2009 5:20 AM EST
Per-Olof Granström has been appointed as new head of Vattenfall European Affairs in Brussels.
Per-Olof Granström comes from a position as executive vice president of Svensk Energi/Swedenergy, an industry organisation representing the companies involved in electricity generation, distribution and trade in Sweden. Prior to Swedenergy, he has maintained various positions within the energy sector. Among others,...

Lower generation volumes, but relatively good earnings

7/30/2009 3:19 AM EST
Vattenfall today presents its interim report for the first half of 2009.
· Net sales rose 19.5% during the second quarter, to SEK 42,128 million (35,259),
and 17.3% for the first half of the year, to SEK 94,656 million (80,663).
· Operating profit for the second quarter decreased by SEK 6.9% to SEK 5,881 million (6,316), and increased for the first half of the year by 5.6%, to SEK 18,741 million (17,742).
· Profit...

Vattenfall

Vattenfall’s vision is to be a leading European energy company. Vattenfall’s main products are electricity and heat. Today, Vattenfall generates electricity, produces heat and supplies energy to several million customers...

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