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Vattenfall Ceo Steps Aside As Swedish Utility Writes Down Wind And Coal Assets

by posted 2months ago 126 views
Magnus Hall, chief executive of Swedish utility and renewables giant Vattenfall, has resigned after six years at the helm. Hall will leave before the end of January 2021, making him at least the third high-profile CEO to resign in a month within Europe's clean energy sector, following similar shifts at Ørsted and Siemens Gamesa. Hall told an analyst conference call that he was leaving for personal reasons after six “quite intensive” years and is now looking to slow down. During his tenure, he instigated Vattenfall's goal of enabling "fossil-free living" within a generation.