EEX/ECC: Supervisory Board extends Terms of Office for Dr. Thomas Siegl

The Supervisory Board of the European Energy Exchange AG (EEX) has confirmed Dr. Thomas Siegl in his respective position as member of the Management Board and extended his terms of office by five years, ahead of the schedule.

At its meeting on 11 June 2015, the Supervisory Board adopted the resolution to reappoint Thomas Siegl, who joined the EEX Management Board in September 2012, in the role of Chief Risk Officer, with a term of office lasting until 30 April 2021.

On the same day, the Supervisory Board of the European Commodity Clearing AG (ECC) confirmed Thomas Siegl as member of the Management Board in his position as Chief Risk Officer also within ECC. This confirmation and extension of his terms of office was adopted as well ahead of the schedule and with a term of office lasting until 30 April 2021. Having joined the Management Board of ECC in May 2010, it is the second reappointment for Siegl.

In addition to Thomas Siegl, the Management Boards of EEX and ECC consist of Peter Reitz (Chief Executive Officer), Iris Weidinger (Chief Financial Officer) and Steffen Köhler (Chief Operating Officer). The Management Board of EEX is further complemented with Jean-François Conil-Lacoste (Executive Director Power Spot Markets), Dr. Egbert Laege (Executive Director Gas Markets) and Dr. Dr. Tobias Paulun (Chief Strategy Officer).

The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC).

European Commodity Clearing (ECC) is the central clearing house for energy and related products in Europe. In its capacity as the central counterparty ECC assumes clearing as well as physical and financial settlement of transactions concluded on CEGH Gas Exchange of the Vienna Stock Exchange, EEX, EPEX SPOT, HUPX, Gaspoint Nordic, Powernext and Power Exchange Central Europe, or registered for clearing on these exchanges. Furthermore, ECC will start clearing services for the Norwegian NOREXECO soon.