RWE Names Peter Krembel as CEO as Top Management Undergoes Reshuffle

RWE wind power partner

RWE today announced the appointment of Peter Krembel as CEO as the leading energy company undergoes reshuffle in the top management.

At the onset of 2024, RWE AG’s Executive Board witnessed significant augmentations as part of a strategic restructuring within RWE Supply & Trading. Jacob Meins, a seasoned RWE veteran, assumed a pivotal role on the company’s Executive Board as Chief Commercial Officer (Origination) effective January 1, 2024.

With 17 years of dedicated service within RWE’s energy trading domain, Jacob’s tenure commenced in 2006 when he spearheaded the Structured Origination division. Prior to his tenure at RWE, he kickstarted his career at Enron in 2000 before transitioning to Barclays Capital.

Jacob Meins’ responsibilities encompass the oversight of Gas Portfolio Management, Gas Origination, LNG divisions, alongside steering the business for Energy Transition Investments, Biofuels, and Dry Bulk & Structured Origination.

Looking ahead, further alterations within the Executive Board are slated for March: Andree Stracke, the company’s Chief Executive Officer, announced his departure from RWE at the end of February 2024 after an illustrious 24-year tenure.

Stepping into his shoes on March 1, 2024, will be Peter Krembel, the former Chief Commercial Officer (Trading), who will ascend to the role of CEO while retaining oversight of the trading business.

Andree Stracke, an employee since 1999 at RWE Supply & Trading and a board member since 2015, played a pivotal role in cultivating RWE’s energy trading arm, notably driving the global gas business.

Peter Krembel, part of the founding cohort in 1999, significantly contributed to the expansion of global electricity, gas, and commodity trading. He joined the Executive Board in 2015 and will now assume the reins as the CEO.

Gunhild Grieve, serving as the Chief Financial Officer, and Ulf Kerstin, in the capacity of Chief Commercial Officer (Commercial Asset Optimisation), continue their tenure as members of the Executive Board at RWE Supply Trading, ensuring continuity amidst these strategic transitions.