OREANDA-NEWS. E.ON Global Commodities (EGC), E.ON SE's Dusseldorf -based energy trading unit, has appointed two new Chief Commercial Officers, thus completing the restructuring of its Board of Management. Effective November 1, David Finch will become Chief Commercial Officer for global trading in coal, oil, LNG and freight. Finch currently heads EGC's coal and freight trading division. Stephen Asplin has been named Chief Commercial Officer for power and gas trading. Asplin will join EGC from Vattenfall Energy Trading, where he is currently Managing Director. His start date will be determined shortly. Egbert Laege, Board member in charge of asset optimization, is leaving the company at his own request as of December 1 to take up new challenges elsewhere. He will continue to hold his seats on the supervisory boards of two energy exchanges, the European Power Exchange and Powernext.

Leonhard Birnbaum, Chairman of the EGC Supervisory Board, thanked Egbert Laege for his contribution to E.ON: “Egbert combined and managed two key energy trading functions for the E.ON Group - Asset Optimization and Dispatch - within the scope of our reorganization at the European level. He also played an invaluable role for our company in integrating the Ruhrgas AG portfolio into our energy trading activities. We greatly regret his departure and wish him all the best for the future. On the other hand, with David Finch and Stephen Asplin we have gained two outstanding managers with long-standing experience in the international wholesale markets for the Board of Management.”

Christopher Delbruck, Chairman of the EGC Board of Management said: “The new configuration of our trading operations reflects our focus areas: first, the trading of physical commodities on globally interconnected markets and, second, asset-based power and gas activities in Europe and the US. With this new set-up, E.ON Global Commodities will pursue its ambitious growth targets and at the same time ensure that E.ON secures maximum added value from its power plants and other assets in European and US power and gas markets.”

US-born David Finch joined E.ON in 2009 after posts at Essent Trading, Duke Energy and Coastal Corporation. Since then he has successfully developed EGC's coal and freight business. Stephen Asplin, born in the UK, was manager at Mobil, Enron and Nuon Energy Trade & Wholesale before taking up his current position at Vattenfall Energy Trading.

In October EGC announced the appointments of David Port and Damian Bunyan to the Board of Management as Chief Risk Officer and Chief Process Officer, respectively.