Electricity group Vattenfall demotes top German executive

7th December 2007, Comments 0 comments

Vattenfall, state-owned Swedish electricity group which has been embarrassed by outages at two of its German nuclear power plants, demoted Friday the chief executive of its German subsidiary.

7 December 2007

Berlin (dpa) - Vattenfall, state-owned Swedish electricity group which has been embarrassed by outages at two of its German nuclear power plants, demoted Friday the chief executive of its German subsidiary.

Hans-Juergen Cramer, who only entered the job four months ago, is to be replaced on January 1 as chief of the Vattenfall Europe division by Tuomo Hatakka, 50, head of Vattenfall's Polish unit.

At the same time the Polish and German operations are to be merged, the company said in a statement.

Vattenfall's Kruemmel and Brunsbuettel plants near Hamburg are still offline after a short-circuit and a transformer fire on the same day in summer triggered a shutdown.

Anti-nuclear groups and German authorities have fiercely criticized the company, one of the big four in German electricity, alleging that it was secretive and lax about security.

The group's chief executive, Lars G. Josefsson, said that merging the German and Polish operations would give Vattenfall a better starting position to expand into central Europe.

Cramer would be in charge of sales at Vattenfall Europe till next June 30, then leave the company, the statement said.

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