<strong>Annual</strong> Report <strong>Axpo</strong> Holding AG 46 – 47 Editorial / 2–3 Interview with the CEO / 4–6 Strategy / 8–10 Markets and perspectives / 12–18 Success factors / 22–29 Corporate governance / 32–47 <strong>Annual</strong> <strong>report</strong> / 50–65
Executive Board Heinz Karrer Chief Executive Offi cer Born in 1959, Swiss Heinz Karrer has been Chief Executive Offi cer (CEO) of <strong>Axpo</strong> Holding AG since 2002. Until 30 September 2007, he was also the CEO of <strong>Axpo</strong> AG (formerly NOK). From 1998 to 2002, Heinz Karrer was a member of the executive board of Swisscom AG, where he served as head of the Marketing & Sales division. Prior to this, he was the head of Ringier Schweiz and a member of the executive board of Ringier AG, as well as CEO and managing director of Intersport Holding AG. Heinz Karrer is a member of the supervisory boards of the following <strong>Axpo</strong> <strong>Group</strong> companies: Elektrizitäts-Gesellschaft Laufenburg AG (chairman), Centralschweizerische Kraftwerke AG (vice-chairman) and <strong>Axpo</strong> AG. He is also a member of the following boards: Swissgrid AG, Resun AG, SRG idée suisse Deutschschweiz (until the end of 20<strong>09</strong>) and Kuoni Reisen Holding AG. He is also a member of the board of directors of Swisselectric and Economiesuisse. Heinz Karrer has a business diploma. Rolf Bösch Member of the Executive Board Born in 1950, Swiss Rolf Bösch, Dr. oec. HSG (economist), has been CFO of <strong>Axpo</strong> Holding AG and a member of the Executive Board since 2002. From 1986 to 2002, he was CFO and, from 1993, a member of the executive board of Vetropack <strong>Group</strong>. From 1979 to 1986, he worked in various positions as a business economist in Swiss companies in the mechanical engineering industry. Rolf Bösch is a member of the following boards and executive bodies: <strong>Axpo</strong> AG, Centralschweizerische Kraftwerke AG (vice-chairman), Elektrizitäts- Gesellschaft Laufenburg AG (vice-chairman), PKE-CPE Vorsorgestiftung Energie (chairman of the board of trustees), Committee of the Decommissioning and Waste Disposal Fund for Nuclear Power Plants. Hans Schulz Member of the Executive Board Born in 1959, German Hans Schulz is a qualifi ed industrial engineer and has a doctorate in mechanical engineering. He has been Chief Executive Offi cer (CEO) of Elek trizitäts-Gesellschaft Laufenburg AG since 2007 and a member of the Executive Board since 2006. From 2006 to September 2007, he was a member of the Executive Board of <strong>Axpo</strong> AG (formerly NOK) and head of the Electrical Grids and Trading & Sales divisions. Prior to this, he worked for today’s OC Oerlikon for 18 years, where he served in various managerial positions in the Balzers division (coating division). From 1999, he was also a member of the expanded executive board of OC Oerlikon. Hans Schulz is a board member of Swisselectric and a member of the following boards: <strong>Axpo</strong> AG, Centralschweizerische Kraftwerke AG, Trans Adriatic Pipeline AG, Rätia Energie AG, Poschiavo, and Rätia Energie Klosters AG. Manfred Thumann Member of the Executive Board Born in 1954, Swiss Manfred Thumann is a qualifi ed mechanical engineer and holds a doctorate in materials science. He has been Chief Executive Offi cer (CEO) of <strong>Axpo</strong> AG (formerly NOK) since 2007 and a member of the Executive Board since 2004. Until 2003, he was a member of the Executive Board of <strong>Axpo</strong> AG. From 2003 to 2007, he was head of the Nuclear Energy division and CEO of Kernkraftwerk Leibstadt AG. From 1997 to 2003, he was director of the gas turbine business of Alstom. Prior to this, he worked for the ABB <strong>Group</strong> in various positions and was also a researcher at the German Aerospace Centre. Manfred Thumann is a member of the following boards and executive bodies: <strong>Axpo</strong> Informatik AG (chairman), <strong>Axpo</strong> Suisse AG (chairman), Resun AG (chairman), Ersatz Kernkraftwerk Beznau AG (chairman), Kernkraftwerk Leibstadt AG (chairman), Kernkraftwerk Gösgen-Däniken AG (vicechairman), Centralschweizerische Kraftwerke AG, Elektrizitäts-Gesellschaft Laufenburg AG, Ersatz Kernkraftwerk Mühleberg AG, Swisselectric research (chairman), Verband Schweizerischer Elektrizitätsunternehmen (VSE) (board member). The Executive Board, from left to right: Heinz Karrer (CEO), Hans Schulz, Andrew Walo, Rolf Bösch, Manfred Thumann Andrew Walo Member of the Executive Board Born in 1963, Swiss and British Andrew Walo, Dr. oec. publ. (economist) has been Chief Executive Offi cer (CEO) of Centralschweizerische Kraftwerke AG and a member of the Executive Board since 2004. From 2001 to 2004, he was the general manager of SN Energie AG and Kraftwerke Zervreila AG in Vals. Prior to this he held several managerial positions with Alstom and ABB. Andrew Walo is the chairman of the boards of CKW Conex AG and Elektrizitätswerk Altdorf AG. He is also a member of the following boards of directors: <strong>Axpo</strong> AG, Elektrizitäts-Gesellschaft Laufenburg AG, Swissgrid AG, Resun AG, Elektrizitätswerk Schwyz AG, Kraftwerk Göschenen AG, Kernkraftwerk Gösgen-Däniken AG and Kernkraftwerk Leibstadt AG. He is also a member of the CKW Providence Foundation, the board of Swisselectric, the Lucerne Industrial Association (LIV) and the Association of Swiss Electricity Companies (VSE).
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