innogy gauges potential savings after CEO departure
After the sudden departure of CEO Peter Terium, German utility innogy is 鈥渞eviewing discretionary spending across all segments鈥, the company says in a press release. The spin-off of energy company RWE says it 鈥渞eiterates its financial discipline targets鈥, and will focus its investments on 鈥渃ore activities in the renewables, grid & infrastructure and retail segments鈥.
In a separate article, news agency Reuters says innogy and RWE shares 鈥渢ook a beating鈥 in December 2017 after the group projected a drop in 2018 earnings. Former CEO Terium left the company a few days after the negative forecast was published.
See the press release in English , and the Reuters article in English .
Read the 麻豆无码版 factsheet Germany鈥檚 largest utilities at a glance for more information.