ENCAVIS AG Announces CEO Transition
|
EQS-News: ENCAVIS AG
/ Key word(s): Personnel/Miscellaneous
ENCAVIS AG Announces CEO Transition
Hamburg, 7 March 2025 – The Supervisory Board of Encavis AG today announced a planned leadership transition as part of the company’s ongoing efforts to position Encavis for its next phase of growth. Dr. Christoph Husmann, who has served as Spokesman of the Management Board and Chief Financial Officer since 2014, will step down from both roles following the company’s Annual General Meeting in June 2025 and the completion of the squeeze-out process. Dr. Husmann will continue to support the company during this transition, overseeing the squeeze out process and integration into Encavis’ new structure to ensure continuity and stability. The Supervisory Board has appointed Mario Schirru, currently Chief Operating Officer and Chief Investment Officer, as Co-Spokesman of the Management Board effective immediately. Following the 2025 Annual General Meeting, the Supervisory Board intends to formally appoint Schirru as Chief Executive Officer. Dr. Johannes Teyssen, Chairman of the Supervisory Board, said: “On behalf of the Supervisory Board, I want to express our deep gratitude to Christoph for more than a decade of exceptional leadership and dedication to Encavis. Christoph has played a pivotal role in transforming Encavis into one of Europe’s leading renewable energy players. His contributions to Encavis’ growth, operational excellence, and strategic development have been instrumental to the company’s success. We are also pleased to name Mario as his successor - a leader with deep industry knowledge and a strong track record of driving Encavis’ operational and commercial performance. Christoph and Mario have worked hand-in-hand for many years, and we are confident in his readiness to take the helm and lead the company forward.” Dr. Christoph Husmann commented: “It has been a privilege to lead Encavis over the past decade and to work alongside such a talented and passionate team. Together, we have built a strong and resilient company that plays an essential role in Europe’s renewable energy transition. With the company well-positioned for future growth, now is the right time for this planned transition. I have every confidence in Mario’s ability to lead Encavis forward and I look forward to supporting him over the coming months to ensure a smooth and seamless handover.” Mario Schirru said: “I am honoured to be entrusted with leading Encavis into its next chapter of growth. Under Christoph’s leadership, Encavis has become a leading force in Europe’s renewable energy landscape, and we have built a strong platform for future success. I look forward to continuing to work closely with our talented team to build on this foundation, accelerate our growth trajectory, and advance our mission to deliver sustainable energy solutions for Europe.” In conjunction with this transition, the Supervisory Board has also initiated a search process for a new Chief Financial Officer to further strengthen the leadership team as Encavis embarks on this next phase.
About ENCAVIS: The Encavis AG is a producer of electricity from Renewable Energies. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates (onshore) wind farms and solar parks in twelve European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group’s total generation capacity currently adds up to around 3.7 gigawatts (GW), of which around 2.4 GW belong to the Encavis AG, which corresponds to a total saving of around 0.8 million tonnes of CO2 per year stand-alone for the Encavis AG. In addition, the Group currently has more than 1.3 GW of capacity under construction, of which around 900 MW are own assets. Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors. Another Group member company is Stern Energy S.p.A., based in Parma, Italy, a specialised provider of technical services for the installation, operation, maintenance, revamping and repowering of photovoltaic systems across Europe. ENCAVIS is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG’s environmental, social and governance performance has been awarded by two of the world’s leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with their “AA” level and ISS ESG with their “Prime” label (A-), the Carbon Disclosure Project (CDP) with its Climate Score “B” and Sustainalytics with its “low risk” ESG risk rating.
Contact: ENCAVIS AG
07.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
2097298 07.03.2025 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.