Terium鈥檚 departure a huge surprise, reveals clash over strategy
Handelsblatt
The surprising and sudden departure of Peter Terium as innogy CEO was in all likelihood not on amicable terms despite the company鈥檚 assurances, writes J眉rgen Flauger in the business daily Handelsblatt. The supervisory board had probably rejected Terium鈥檚 strategy to fuel the company growth with more investments at the expense of profits. 鈥淚n the end, last week鈥檚 profit warning, and especially the sharp drop in share value, was probably the Dutchman鈥檚 undoing鈥�, writes Flauger.
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