EEX Energy Exchange appoints the clearing house chief as its new CEO
Tobias Paulun, who is currently the head of clearing at the European Energy Exchange, will be its new CEO from August 1, EEX announced on Thursday.
Paulun takes over Peter Reitz's position as EEX CEO after 15 years. Reitz will continue to serve on the boards of directors for EEX subsidiaries Nodal, and EPEX SPOT.
The exchange announced that Paulun would step down as?CEO European Commodity Clearing's (ECC) clearing house on July 31, 2026.
The EEX platform, part of Deutsche Boerse has grown to be the largest electricity derivatives marketplace in the world. It is?presented in European countries as well as North America and Japan whose power sectors are?set to grow.
The exchange holds 80-90% of the market in EEX’s core European Futures markets, which trade typically two or three times annual electricity consumption.
Thomas Book, Chairman of the EEX Supervisory Board said: "With Paulun (Paulun), we'll be able to continue the EEX growth trajectory for the next few years."
Paulun?said under his leadership the EEX Group will expand its global network customers and partners.
He said: "Together we will continue to actively shape the evolution of the energy market in order to provide our customers with?optimal trading options and efficient solutions for risk management."
Since 2008, customers who trade commodities over the counter have turned to regulated markets to comply with European Union financial regulations and save money on fees.
The ECC is responsible for reducing?counterparty risk and ensuring the execution of physical and financial trades at the EEX and EPEX SPOT exchanges and with partner exchanges.
According to the EEX, ECC is currently looking for a new CEO. Vera Eckert reported, Made by Chambers and Merriman edited.
(source: Reuters)
