RWE’s former chief financial officer Markus Krebber is taking over as new chief executive of the German utility as criticism mounts that the company is transitioning too slowly towards a power generation portfolio based more on renewables and less on fossils.
Krebber succeeds Rolf Martin Schmitz at the top, who stubbornly had resisted a faster exit from coal and lignite, which the company currently only plans by 2040 – even later than Germany’s quite late planned exit from fossil generation in the 2035-38 period.
