The supervisory board of European Energy Exchange (EEX) has appointed Peter Reitz as its new CEO. The supervisory board of European Commodity Clearing (ECC) has also named him as CEO.
Reitz, who will also retain his position on the executive board of Eurex, replaces Hans-Bernd Menzel, who quit the company after Eurex took control, adds Financial Times. Eurex acquired the platform earlier this year when it bought the 22.96% shareholding in EEX owned by Landesbank Baden-Württemberg, adding it to the 35.2% it already owned.
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