John Rittenhouse to step down as CEO of EDF Trading
EDF Trading, a wholly-owned subsidiary of EDF S.A., has today announced that John Rittenhouse, Chief Executive, has decided to leave the Company. Béatrice Bigois, currently Managing Director, Customers at EDF Energy, and formerly the CFO of EDF Trading, has been appointed to the position, effective 1st January, 2020.
EDF Trading Chairman and EDF Group CFO Xavier Girre said: “John is an exceptional business leader who has built EDF Trading into one of the best-performing companies in its sector. I’d like to thank him personally, and on behalf of the Board, for his contribution to EDF Group over the last 21 years. After a rigorous selection process, the Board is delighted to appoint Béatrice to the role. Having worked for EDF and EDF Trading in a variety of senior management roles, Béatrice has a deep understanding and experience of our business and the markets in which we operate. She is a strong leader with an impressive track record of delivering consistent high-quality performance. The Board warmly welcomes Béatrice to the role and wishes her every success.”
John Rittenhouse said: “I congratulate Béatrice on her appointment and look forward to working with her on the transition. Having worked closely with Béatrice in the past, I am highly confident that under her leadership, EDF Trading will continue to prosper long into the future. It has been an honour to lead EDF Trading over the last 11 years. I am very grateful to everyone at the Company who has worked so hard to build EDFT into the business it is today, and for the dedication and loyalty they have given to the Company and to me.”
Béatrice Bigois said: “It will be a privilege to lead EDF Trading – a global business with talented people and a strong platform for growth. Our focus will remain on serving our customers and delivering long-term value creation for our shareholders. I’d also like to extend my gratitude to John for his remarkable leadership of EDF Trading and look forward to working closely with him during the transition.”
Rittenhouse will step down as Chief Executive and as a Board member on 31 December, 2019. He will support the transition process through the first half of 2020. A successor to the role of Managing Director, EDF Energy, will be announced shortly.
John Rittenhouse has been the Chief Executive of EDF Trading for over 11 years. John joined the Company at its inception in 1999 as the Chief Financial Officer and was appointed CEO in 2008. John has worked in the commodity trading industry for almost four decades, and during his tenure the Company has been built into a global leader in physical and financial energy trading and optimization, delivering consistent strong returns for the shareholder.
Béatrice Bigois is Managing Director, Customers at EDF Energy, a position which she assumed in January 2014. In 2006, she joined EDF Trading and was responsible for setting up and running its Paris trading office. She was then appointed CFO and Executive Director of EDF Trading, London in October 2008. Béatrice joined the EDF Group in 1994 and has held various roles within Finance, Risk Management and Asset Optimisation at both EDF, EDF Energy and EDF Trading.
For further information, please contact:
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232
EDFT is a leader in the international wholesale energy markets. The company manages a portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world. These capabilities enable EDFT to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third-party customers, helping them to realise the value inherent in their asset portfolios. EDFT is a 100% owned subsidiary of EDF, one of the world’s biggest electricity generators. EDFT has around 800 employees with key offices in London, Paris, Singapore and Houston.