The Board of Directors of Aare-Tessin Ltd. for Electricity (Atel) has re-allocated management responsibilities on the Executive Board. With effect from 1 April 2006 Herbert Niklaus, who already heads the Energy Switzerland Division, will also take over responsibility for the Energy Services Division. The Energy Services Division comprises Atel Installationstechnik Ltd. in Zurich, with some 2,500 employees, and the German GAH Group in Heidelberg, with around 4,500 employees. Herbert Niklaus has headed the Energy Switzerland Division since 1 January 2005. He was previously responsible for Atel Transmission Ltd.
Stefan Hatt, the former head of the Energy Services Division, is leaving Atel to take up a new challenge with a major international group. He has been with Atel since 1 January 2005.
Aare-Tessin Ltd. for Electricity Corporate Communications
Aare-Tessin Ltd. for Electricity (Atel)
Aare-Tessin Ltd. for Electricity (Atel) is the leading production-based energy service provider in Switzerland and operates at a pan-European level. Founded in 1894, Atel focuses on the two core businesses of production-based Energy Trading and Energy Services. The group of companies, domiciled in Olten, employs a staff of around 8400 and generated a turnover of CHF 8.6 billion in 2005. Its main markets in the energy sector are Switzerland, Italy, Germany and the Central and Eastern European countries. Its goods and services range from portfolio management and group energy supplies, to energy derivatives and option contracts, to establishing distribution concepts involving other partners. Trading and distribution are supported by a number of proprietary hydraulic and thermal power stations plus a broadly ramified transmission grid. With its Energy Services Division, Atel provides all technical services pertaining to energy (electricity, gas, oil and biomass) and its uses as power, lighting, cooling and heating, communication and security. Atel is among the leading providers of Energy Services in both Switzerland and Germany.