A new organisational structure to support the future strategy of Vattenfall

Vattenfall is to create a dedicated wind business unit as part of a new organisational structure designed to meet a "challenging market environment".

The new unit will work across geographies including the UK, Germany, Netherlands, Denmark and Vattenfall's home country of Sweden. It will start work on 1 April and cover onshore and offshore wind.

There will be no new job losses associated with the rejig and savings targets will remain as already announced, said Vattenfall.

In addition to the wind business other units will include heat, customers and solutions, distribution, generation and markets. The utility was previously organised on a regional basis.

Vattenfall will develop a detailed strategy for each unit, driven by a new executive management team that includes head of wind Gunnar Groebler.

The starting point for the new structure, according to chief executive Magnus Hall (pictured), is meeting the demands of the current business environment.

"To focus our efforts it is imperative to make choices going forward. The first step is to lay out our general strategic direction and to me some things are obvious: we must defend our position as a European company, we should develop our offerings for customers to become sustainable, and we will be an electricity producer that concentrates on emission-free or emission-efficient solutions," he said.

"The (six) business areas will be empowered with refining the strategy and incorporating it into plans and actions. Focus will be on actual business as well as on cross-border synergies,” added Hall.

Vattenfall’s new executive management team:

• Magnus Hall, President and Chief Executive Officer
• Ingrid Bonde, Head of Staff Function Finance and Deputy CEO
• Anne Gynnerstedt, Head of Staff Function Legal & CEO Office
• Andreas Regnell, Head of Staff Function Strategic Development
• Kerstin Ahlfont, Head of Staff Function Human Resources
• Tuomo Hatakka, Head of Business Area Heat, Mining & Generation
• Annika Viklund, Head of Business Area Distribution
• Gunnar Groebler, Head of Business Area Wind
• Torbjörn Wahlborg, Head of Business Area Generation
• Martijn Hagens, Head of Business Area Customers & Solutions
• Stefan Dohler, Head of Business Area Markets

Vattenfall’s Business Areas as of April 1:

• Heat - provides district heating to customers in Germany, Netherlands, Denmark and Sweden and produces electricity with high efficiency . Europe’s largest supplier of heat.
• Wind – with 1000 wind turbines installed in Denmark, Germany, Netherlands, Sweden and UK. Vattenfall is one of the biggest off shore wind developers in Europe.
• Customers & Solutions – with more than 6 million electricity customers in Finland, France, Germany, Netherlands and Sweden. Offers different solutions to increase consumers sustainability.
• Distribution – connects electricity customers to the grid through big networks in Sweden and Berlin.
• Generation – operates and develops Vattenfall’s vast resources of emission free electricity production consisting of hydro and nuclear power.
• Markets – the energy trading business of Vattenfall, covers all energy-related commodities and provides exceptional wholesale market support to internal and external customers in Europe.

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