Shareholder structure

Our corporate structure and shareholdings

50Hertz Transmission GmbH is indirectly owned by the Belgian Elia Group (80 percent), which is listed on the Euronext stock exchange, and the German KfW bank group (20 percent) through Eurogrid GmbH.

Governance

GRI 102-18, GRI 102-22

Headquartered in Berlin, Germany, 50Hertz has a dual board system typical for German companies. It consists of an Executive Board (‘Geschäftsleitung’) responsible for the day-to-day management of the company, and a Supervisory Board (‘Aufsichtsrat’) governing and controlling executive management. Exceeding legal requirements, the 50Hertz Supervisory Board comprises equal numbers of employee and employer representatives. Additional oversight is provided by the Supervisory Board of Eurogrid GmbH.

In addition to the members specified below, both supervisory entities also benefit from the regular participation of an observer from the Federal Government.

The Executive Board convenes weekly, while the Supervisory Board meets on a quarterly basis. The Eurogrid Supervisory Board as well as its Audit- and Investment Committees take place five times annually.

Members of the Extended Executive Board

50Hertz is controlled and monitored by Eurogrid and a co-determined Supervisory Board. The Supervisory Board of 50Hertz Transmission GmbH consists of six members:

Stefan Kapferer

Chief Executive Officer (CEO)

Dr. Frank Golletz

Chief Technical Officer (CTO)

Marco Nix

Chief Financial Officer (CFO)

Dr. Dirk Biermann

Chief Markets and System Operation Officer (CMO)

Sylvia Borcherding

Chief Human Resources Officer (CHRO)

Michael von Roeder

Elia Group Chief Digital Officer (CDO)

Supervisory Board

Christiaan Peeters

Chief Executive Officer Elia Group NV/SA & Elia Transmission Belgium SA-NV, Chairman

Karin Erhard*

Deputy Chair

Managing Member of the Executive Board of the IG BCE

Markus Berger

Chief Infrastructure Officer, Elia Transmission Belgium SA-NV

Dr. Lutz-Christian Funke

Secretary General
KfW Bank Group

Andrea Ludwig*

Member of workers council, 50Hertz, Berlin

Dr. Lutz Pscherer*

Chairman of workers council, 50Hertz, Berlin

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50Hertz as part of the Elia Group

A strong group of leading transmission system operators in Europe

50Hertz in Germany and Elia in Belgium together form the Elia Group. Together they operate more than 19,200 kilometers of transmission grid and thus ensure the power supply of about 30 million people. Our extra-high voltage grid at 50Hertz in the north and east of Germany has a circuit length of around 10,490 kilometres at the voltage levels 150, 220 and 380 kilovolts (kV).