Company history

E.ON was formed in June 2000 after the merger of VEBA and VIAG which have both been found in the 1920s. Back then, also chemicals, telecommunication, real estate and other activities belonged to the activities of the two former companies, including well-known brands such as Klöckner & Co, Degussa, E-Plus, or Viag Intercom. After VEBA’s and VIAG’s IPO in 1965, both company’s underwent a strict cost management procedure and had to face an intensive reorganisation within the electricity, chemicals, distribution/logistics, and real estate management division. As a result, the focus was narrowed down to energy and telecommunications on the one side, while focussing on innovative industries in the area of aluminium, chemicals and packaging on the other side. After deciding to merge VEBA and VIAG into E.ON, it was agreed to solely focus on energy in the future. With this merger, E.ON Ag became the owner of Ruhrgas AG, representing Germany’s largest gas provider with a current market share of around 60%.

Key people

 Dr. Johannes Theyssen, CEO

Since May 2010, Dr. Johannes Theyssen has been Chief Executive Officer and Chairman of Management Board of E.ON AG after joining E.ON Energie’s predecessor entity, PreussenElektra AG, in 1989 already.

Dr. Marcus Schenck, CFO

Since December 2006, Dr. Marcus Schenck holds the positional of Chief Financial Officer and Member of Management Board at E.ON AG. Before joining the management board of E.ON, he served at McKinsey & Co. for six years, as well as a Partner of Goldman Sachs & Co.