innogy is Germany's leading energy company.
Peter Terium has been Chief Executive Officer and Chairman of the Management Board at innogy SE since April 2016. Previously, he served as Chief Executive Officer at RWE AG. He also served as the Chairman of its Executive Board. Dr. Klaus Grellman is Managing Director, innogy Consulting. He served as Senior Manager for Strategic Planning at RWE AG. Previously, he was a Senior Manager at PricewaterhouseCoopers.
PUF's Steve Mitnick: Peter, many of us know that RWE is a major European utility that you ran as CEO for several years. Now you are CEO of the new RWE subsidiary, innogy SE. Did it really take you less than a year from the decision to found innogy to the IPO?
Peter Terium: To be honest, sometimes I need to pinch myself. Exactly three hundred and two days after the Supervisory Board's December 2015 decision to restructure the RWE Group, I rang the traditional bell on the floor of the Frankfurt Stock Exchange at the first trading day for innogy shares.
That was a great moment for all of our employees, for my colleagues on the Executive Board, and for me personally. Our IPO was the second-largest in the world last year, and the largest in Germany since 2000.