CEO of nationalized German gas supplier Uniper to step down
The CEO of energy company Uniper has decided to step down after the German government nationalized the gas supplier last month BERLIN -- The CEO of energy company Uniper has decided to step down after the German government nationalized the gas supplier last month, Uniper said Tuesday. Klaus-Dieter Maubach is exercising a special right to terminate his contract and will leave the board this year, Uniper said in a statement. It added that Maubach, who has led the company since March 2021, was willing to stay in the job until a suitable replacement is appointed. The German government announced its plan to nationalize Uniper in September, expanding state intervention in the energy sector to prevent a shortage resulting from Russia’s war in Ukraine. The deal built on an initial rescue package agreed in July and featured a capital increase of 8 billion euros ($8.5 billion) that Germany financed. Shortly before Christmas, the government took a stake of some 99% in the company. Uniper's...