Frank Mastiaux, CEO of German utility EnBW, is planning to step down from his post next year, according to Reuters.
Citing personal reasons, Mastiaux said he will not renew his term in office when his appointment ends on Sept. 30, 2022.
Mastiaux stepped into the leadership role at EnBW in 2012 and has since transformed the nuclear and coal generation firm into one based on renewable power and new growth areas such as electric mobility.
He had previously led the renewable and international units of E.ON and worked at oil company BP after the company bought Veba and Aral, where he had also previously served.
EnBW’s supervisory board said it will seek to find a successor for Mastiaux in good time.
