New 50Hertz CEO takes up duties

03.12.2019

On 1 December, Stefan Kapferer took office as the new chairman of the executive board of TSCNET shareholder 50Hertz, one of the four German transmission system operators (TSOs). Until the end of October 2019, Kapferer headed the German Energy and Water Association (Bundesverband der Energie- und Wasserwirtschaft – BDEW). Kapferer succeeds interim CEO Dr. Frank Golletz, CTO of 50Hertz, who took over the additional duties after former CEO Boris Schucht had left the company in March 2019.

At a purpose-arranged press conference on 3 December in the German capital Berlin, Stefan Kapferer acknowledged the appeal and diversity of his new task. “The next phase of the realisation of the energy transition is an even greater challenge in terms of entrepreneurship and the European side of things. TSOs play an essential role here,” explained Kapferer. The main issues to be dealt with by 50Hertz are the German coal phase-out, following the current nuclear phase-out, the national legislative climate specifications and the grid extension which is essential for all these measures. For a Baltic Sea riparian TSO, it is particularly important to set the right course for the development of offshore wind energy.

Chris Peeters, head of the 50Hertz supervisory board, highlighted Kapferer’s wealth of political and international experience as former German State Secretary and Deputy Secretary General of the OECD and concluded: “I am convinced that Kapferer’s skills combined with the technical know-how of our staff will result in a great future for 50Hertz. Together we work for our goal: a successful energy transition.”

Stefan Kapferer is in office as new CEO of 50Hertz (picture: 50Hertz / Jan Pauls)

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> See 50Hertz press release (html)