The Supervisory Board of European Commodity Clearing AG (ECC) appointed Dr.-Ing. Dr. Tobias Paulun as the new CEO of the clearing house, effective from 1 April. The 41-year-old, who holds a doctorate in engineering and economics, will relinquish his previous position as Chief Strategy Officer of the European Energy Exchange AG (EEX).
Peter Reitz, who previously held the position of CEO of both EEX and ECC, will focus entirely on his tasks as EEX CEO. The changes in the Management Board acknowledge the growing importance of the clearing business and risk management within EEX Group.
Heike Eckert, Chairwoman of the ECC Supervisory Board, and Thomas Book, Chairman of the EEX Supervisory Board, thank Tobias Paulun and Peter Reitz for their work on the EEX and ECC Boards and wish both all the best for the upcoming tasks.
Thomas Book emphasises: “With the changes in the Management Board, we recognise the rapidly growing need for risk management in the energy markets. As a member of the EEX Management Board, Tobias Paulun significantly shaped the strategic orientation and thus made a decisive contribution to the strong growth of recent years. With the management of the clearing house, he takes over the strategically most important area in the group from Peter Reitz. And I would like to thank Peter Reitz – under his leadership ECC has developed into a robust and efficient clearing house that he has excellently guided through the turbulence of the past year."
Heike Eckert adds: “EEX and ECC operate in a dynamic and highly regulated environment. The entities are a guarantee of stability, liquidity and security in the European and global energy and commodity markets. With the change in the Management Board, we are creating the conditions for continuing and strengthening this successful work against the backdrop of ever increasing requirements on the operations of the exchange and the clearing house. With the changes, the EEX Group is excellently positioned for a successful future.”
Tobias Paulun comments: "I would like to thank the Supervisory Board and my colleagues on the Management Board and in particular all employees of EEX and ECC for their trust and I look forward to the new challenge. In close coordination with our customers and partners, we want to continue to provide secure, reliable and efficient trading and clearing processes in the growing commodity markets in order to support the development of ECC and the strategy of the EEX Group overall."
In addition to Tobias Paulun, the ECC board consists of three other members: As Chief Operating Officer, Dr. Götz Dittrich is responsible for the operational business; Jens Rick, Chief Information Officer, is responsible for the operation and further development of the IT infrastructure at ECC and Dr. Clemens Völkert, is overseeing risk management of the clearing house in his function as Chief Risk Officer.
European Commodity Clearing (ECC) is a central clearing house which specialises in energy and commodity products. ECC assumes the counterparty risk and guarantees the physical and financial settlement of transactions, providing security and cross-margining benefits for its customers. As part of EEX Group, ECC provides clearing services for EEX, EEX Asia and EPEX SPOT and for the partner exchanges HUPX, HUDEX, NOREXECO, SEEPEX and SEMOpx. For more information, please visit www.ecc.de
The European Energy Exchange (EEX) is the leading energy exchange which builds secure, successful and sustainable commodity markets worldwide – together with its customers. As part of EEX Group, a group of companies serving international commodity markets, it offers contracts on Power, Natural Gas and Emission Allowances as well as Freight and Agricultural Products. EEX also provides registry services as well as auctions for Guarantees of Origin, on behalf of the French State. More information: www.eex.com
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