Wulf Bernotat

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Wulf Bernotat in May 2009 at the 39th St. Gallen Symposium

Wulf-Hinrich Bernotat (born September 14, 1948 in Göttingen ; † August 27, 2017 in Essen ) was a German manager , CEO of E.ON AG and Chairman of the Supervisory Board of Vonovia SE .

School career

After graduating from Scharnhorstgymnasium in Hildesheim in 1969, Bernotat began studying law at the University of Göttingen , which he completed in 1974 with the first state examination. In 1976 he passed the second state examination and received his doctorate in the same year.

Professional career

Shell

In the same year, Bernotat began his professional career as a legal advisor at Shell AG in Hamburg. In 1981 he moved to Shell in London , where he worked as Business Development Manager for Eastern Europe until 1984 , in particular for the Soviet Union , Poland , Romania and Bulgaria .

In 1986 he returned to Hamburg, where he managed the lubricants and fuels trading business of the German Shell. In 1986/87 he took over responsibility for strategic planning. In 1987/88 he was briefly responsible for the company's natural gas marketing sector . From there in 1988 he moved to the management of the Shell Aviation and Authorities Distribution Center.

In 1989 he moved to the Shell branch in Lisbon , where he represented the group in Portugal as General Manager until 1992 .

In 1992 he returned to London where he served as Area Coordinator of Shell operations in the Southern Hemisphere and Coal Business Coordinator Africa . From 1995 to 1996 he worked on the board of Shell-France with responsibility for refining and distribution.

VEBA (E.ON)

In 1996, Bernotat left the Shell Group and took over responsibility for marketing and sales as a member of the board at VEBA-Oel AG in Gelsenkirchen . In November 1998 Bernotat was appointed CEO of Stinnes AG in Mülheim an der Ruhr , which at that time belonged to the VEBA group . He formed Stinnes AG into a pure logistics company , preparing for its IPO in 1999 until it was sold to Deutsche Bahn AG in 2002 . At the same time he was a member of the board of the VEBA group until June 2000 with responsibility for the downstream area (supply, processing, marketing, sales for mineral oil and petrochemical products).

In May 2003, Bernotat succeeded Ulrich Hartmann and Wilhelm Simson as CEO of the energy supplier E.ON AG in Düsseldorf, which emerged from the VEBA Group . The company was given a new corporate identity and focused on electricity generation and distribution as well as gas distribution.

The Degussa chemicals division was sold for the takeover of Ruhrgas AG in January 2003 . By quickly reselling the Ruhrgas Industries measurement technology activities in 2005, Bernotat provided the company with additional liquidity. With the sale of former VEBA properties as Viterra housing company, Eon continued to focus on its core business with electricity and gas in 2005.

Due to the need for restructuring , the takeover of the British energy supplier Powergen was viewed in industry circles as overpriced. In addition, the company took over the British energy distributor Midlands Electricity for 1.637 billion euros , which was in debt for 692 million euros. In the meantime E.ON has systematically participated in Romania , Hungary , Bulgaria , the Czech Republic , Poland and Slovakia as well as Italy . With the takeover of Ruhrgas, E.ON has a 6.5% stake in the largest semi-public Russian gas company Gazprom . After BASF was faster than E.ON Ruhrgas in a gas field cooperation, Bernotat agreed with Gazprom on a 25% stake minus one share in the Siberian natural gas field Yushno Russkoye . In return, Gazprom received a stake of almost 50% in the Hungarian gas companies E.ON Földgaz Storage and E.ON Földgaz Trade , as well as 25% plus one share in the regional electricity and gas supplier E.ON Hungaria . In order to secure the business basis for the E.ON subsidiary Ruhrgas for the next decades, Bernotat E.ON-Ruhrgas and the BASF subsidiary Wintershall signed a contract with Gazprom in 2005 for the construction of the politically controversial Baltic Sea pipeline . The planned takeover of Scottish Power failed because the price seemed too high. In the attempt to take over the Italian electric power producer Edison , the company was left behind against its French competitor EdF . In February 2006 the company planned to take over the Spanish energy supplier Endesa with a total value of 55 billion euros. First, however, the Spanish gas supplier Gas Natural submitted a counter offer, which Bernotat countered with an improved offer. Conditions imposed by the Spanish government were not approved by the EU. The takeover failed, however, among other things, friendly companies (Acciona and Enel) were supported to buy shares in Endesa. Ultimately, E.ON received shares in various companies in Spain, France, Italy and other countries worth 10 billion euros. At the general meeting of E.ON 2007, Wulf Bernotat's contract was extended by two years.

In 2006, Bernotat's remuneration was increased by 63% compared to 2004 to an annual income of 5.72 million euros.

Supervisory board positions

He was a member of the supervisory boards of RAG and Allianz . At Allianz, Bernotat was a member of the supervisory board from April 2003 to May 2017, the last almost five years as its deputy chairman. He was also a member of the Metro AG supervisory board . He resigned from his position as Chairman of the Supervisory Board of Vonovia SE on August 26, 2017 - one day before his death - for health reasons. In May 2006 he was elected to the Supervisory Board of Bertelsmann AG and, with effect from January 1, 2010, to the Supervisory Board of Deutsche Telekom . On April 30, 2010, he resigned from the position of CEO of E.ON AG. Since August 2013, Bernotat worked as a consultant at the private equity company Permira .

Others

In August 2010, Bernotat positioned itself as one of 40 signatories of the Energy Policy Appeal , a lobbying initiative of the four large electricity companies to promote the extension of the service life of German nuclear power plants .

In 2011, Wulf Bernotat founded Bernotat & Cie. Together with Alexander Landia, Isabel Poensgen and Gunther Schwarz. GmbH, which deals with the mentoring of executives.

Private

Bernotat was married twice and has two grown daughters.

Wulf Bernotat was interested in modern art, playing golf and traveling. Bernotat lived in the city of Essen until his death .

Wulf Bernotat died after a long illness on August 27, 2017 at the age of 68.

Web links

Individual evidence

  1. ↑ a b c d After a long illness: Ex-Eon boss Wulf Bernotat is dead. In: Kieler Nachrichten . August 28, 2017. Retrieved August 28, 2017 .
  2. ↑ With heart and soul EON-Mensch. In: faz.net. April 30, 2010, accessed May 1, 2010 .
  3. ↑ a b Wulf H. Bernotat. In: WHO's WHO. Retrieved October 19, 2006 .
  4. ↑ a b c Stinnes CEO Dr. Wulf Bernotat is a staunch team player. In: Frankfurter Finance Newsletter. October 4, 2002, accessed October 19, 2006 .
  5. ↑ Oil expert Bernotat - the designated E.ON boss. In: n-tv. July 4, 2002, accessed October 19, 2006 .
  6. ↑ After buying the railway - Stinnes boss changes to E.ON. In: n-tv. July 4, 2002, accessed October 19, 2006 .
  7. ↑ Dr. Wulf H. Bernotat. In: Schenker Logistics homepage. November 16, 1998, archived from the original on September 27, 2007 ; Retrieved October 19, 2006 .
  8. ↑ Financial investor buys 150,000 apartments: Eon subsidiary Viterra goes to Terra Firma / Mieterbund warns of speculators for seven billion euros
  9. ^ Purchasing in Great Britain - E.ON hunting for daughters. In: n-tv. October 21, 2003, accessed October 19, 2006 .
  10. ↑ What to do with the billions - E.ON is bursting with strength. In: n-tv. June 15, 2005, accessed October 19, 2006 .
  11. ↑ Wulf Bernotat is dead: Eon and Vonovia mourn the loss of top managers. Retrieved February 21, 2019 .
  12. ↑ E.ON does not want to increase Gazprom's stake. In: dw-world. July 9, 2004, accessed October 20, 2006 .
  13. ↑ E.ON and Gazprom swap stakes. In: Finanznachrichten.de. July 13, 2006, accessed October 20, 2006 .
  14. ↑ Gas pipeline agreed. In: time online . September 8, 2005, accessed October 19, 2006 .
  15. ↑ Brigitte Koch: Wulf Bernotat - The Lord of the Full Coffers. In: FAZ.net. June 16, 2005. Retrieved October 19, 2006 .
  16. ↑ Wulf Bernotat. In: focus-online. Retrieved October 19, 2006 .
  17. ↑ Supervisory board appoints new board members and proposes candidates for supervisory board elections - press | Alliance. Retrieved September 1, 2017 .
  18. ↑ Bertelsmann - Eon boss becomes supervisory board. In: Manager magazine. May 22, 2006. Retrieved October 19, 2006 .
  19. ↑ Change in the Telekom supervisory board - Eon boss becomes controller. In: Handelszeitung Online. January 5, 2010, accessed January 5, 2010 .
  20. ↑ Homepage of Bernotat & Cie. GmbH
  21. ↑ Brigitte Koch, Düsseldorf: Former Eon boss: Wulf Bernotat is dead . ISSN  0174-4909 ( faz.net [accessed February 21, 2019]).
  22. ↑ Brigitte Koch, Düsseldorf: Former Eon boss: Wulf Bernotat is dead . ISSN  0174-4909 ( faz.net [accessed February 21, 2019]).
  23. ↑ Brigitte Koch, Düsseldorf: Former Eon boss: Wulf Bernotat is dead . ISSN  0174-4909 ( faz.net [accessed February 21, 2019]).
personal data
SURNAME Bernotat, Wulf
ALTERNATIVE NAMES Bernotat, Wulf Hinrich (full name)
BRIEF DESCRIPTION German manager
DATE OF BIRTH September 14, 1948
PLACE OF BIRTH Goettingen
DATE OF DEATH 27th August 2017
Place of death eat