Since 2010, Boris Schucht has been CEO of TSCNET shareholder 50Hertz, one of the four German transmission system operators (TSOs). Before his engagement with 50Hertz, Schucht has already held senior management positions for companies from the energy sector such as Vattenfall Europe Venture GmbH or WEMAG AG. After nine successful years at the helm of 50Hertz, the CEO of the north-eastern German TSO now wants to face new professional challenges.
Boris Schucht and the 50Hertz Supervisory Board as well as the shareholders Elia and KfW (Kreditanstalt für Wiederaufbau) on 4 December consensually agreed that the current CEO will manage 50Hertz up until 28 February 2019. Mr Schucht commented on the recent company evolution: “For 50Hertz, a new era begins after the share transfers this year. After nine very exciting and extremely successful years with a really great team, this is the right time for me to pass on the baton.” Chris Peeters, Chairman of the Supervisory Board, expressed his sincere thanks for Boris Schucht’s “dedicated contribution to the company’s success story”.