EPEX SPOT announces new management structure
APX staff integrated into European Power Exchange
Amsterdam / Paris, 1 October 2015 – The European Power Exchange EPEX SPOT, together with APX, today announces the merger of their governance structures. As a result, René Kerkmeester, CEO of APX, and James Matthys-Donnadieu, CEO of Belpex and Chief Operating Officer of APX, have stepped down as of 1 October 2015. Both have been instrumental in the success of merging APX and EPEX SPOT. Since the announcement of the integration of APX and EPEX SPOT in April 2015, a parallel governance structure has been in place, and has now been replaced by a single EPEX SPOT Management and Supervisory Board. The APX Management and Supervisory Boards have been released from their duties.
From today onwards, APX staff is part of EPEX SPOT.
The new Management Board of EPEX SPOT is composed of three members. Next to Jean-François Conil-Lacoste as Chairman of the Management Board and Thierry Morello as Chief Operating Officer and Vice-Chairman of the Board, Jeroen van den Heuvel joined the Board as Chief Financial Officer in May 2015 to replace Iris Weidinger. Director Tobias Paulun has stepped down from the EPEX SPOT Management Board as of 1 October 2015.
“By integrating APX into EPEX SPOT we have made a significant step in achieving the goal to form a spot Power Exchange for Central Western Europe and the UK”, states Jean-François Conil-Lacoste, Chairman of the Management Board of EPEX SPOT.
The European Power Exchange EPEX SPOT SE operates the short-term electricity markets for Germany, France, the United Kingdom, the Netherlands, Belgium, Austria and Switzerland. Striving for the creation of a European single market for electricity, EPEX SPOT shares its expertise with partners across the continent and beyond. EPEX SPOT is a European company (Societas Europaea) in corporate structure and staff, based in Paris with offices in Amsterdam, Bern, Brussels, Leipzig, London and Vienna. More than 280 companies trade over 450 TWh of electricity on EPEX SPOT and APX markets every year – one third of its countries’ electricity consumption. EPEX SPOT is held by EEX Group, part of Deutsche Börse, and European electricity transmission system operators. For more information: www.epexspot.com .