Lord John Browne - DEA's Supervisory Board

After the acquisition by LetterOne, the Hamburg based upstream company RWE Dea has a new owner, a new supervisory board and gets a new name. LetterOne is a privately owned Luxembourg-based global investment vehicle focused on utilizing its financial resources, management and investment expertise.

At the first general meeting of shareholders a new supervisory board was appointed. Chairman of the DEA Supervisory Board is Lord John Browne, who recently has been appointed Executive Chairman of LetterOne Energy and who was Chief Executive of the BP plc, the British energy group, from 1995 until 2007.

'In DEA, we have acquired a company with a long history of technical and managerial excellence, a track record of imaginative thinking, an international outlook, and great potential,' said Lord Browne, the new Chairman of the DEA Supervisory Board. 'DEA fits perfectly into our investment strategy.'

Tags: DEA