Sweden-based Vattenfall’s chief financial officer (CFO), Stefan Dohler, is leaving the company and becoming the new CEO of EWE AG, a regional utility in Germany.
Dohler joined Vattenfall in 1998 and has served as the group’s CFO since December 2016. Before that, he held a number of senior management positions at Vattenfall.
Citing a “rapidly changing energy landscape,” the energy company and wind developer recently announced it would be cutting costs by 2 billion Swedish krona, equaling $250.9 million, in its workforce by 2020.
“It is with mixed feelings that I have decided to leave Vattenfall after almost 20 years,” states Dohler. “Vattenfall has formed my professional life and offered me tremendous opportunities to develop. I have foremost enjoyed working with so many fantastic colleagues.”
Vattenfall says Dohler will continue in his current position for the time being to safeguard a smooth transition for the new CFO. A recruitment process for a successor will start immediately.
“We are very grateful for Stefan’s excellent contributions to the development of Vattenfall and wish him every success in his new position,” says Magnus Hall, president and CEO of Vattenfall. “We continue on our journey to help customers power their lives in ever climate-smarter ways. A strong position in our biggest markets – Germany, Netherlands and Sweden – is key to success.”