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Düsseldorf (dpa) - The Finnish energy company Fortum binds the German utility Uniper more closely and occupies key positions with its own managers.
Uniper CEO Andreas Schierenbeck resigned from his post on Monday with immediate effect, as the Düsseldorf company announced.
His successor is the previous chairman of the supervisory board, Klaus-Dieter Maubach.
Accordingly, CFO Sascha Bibert is also leaving the company.
He is succeeded by Tiina Tuomela, who is a top manager at Fortum and previously also sat on the Uniper Supervisory Board.
Maubach's position as Uniper chief controller takes over Fortum boss Markus Rauramo.
Fortum last held 76.1 percent of the shares in Uniper.
Fortum wants the two companies to work more closely together in areas such as hydropower in Northern Europe, energy trading and the development of solar and wind energy in Europe and hydrogen.
"While the implementation of this new strategy has already begun in the areas mentioned, Fortum is convinced that further advantages can be realized and achieved more quickly," explained the Finnish company.
Functions and business areas would work more closely together within the group and business processes would be further integrated.
The aim is to create added value for both companies and the entire Fortum Group, said Rauramo.
Fortum does not want to reach for Uniper at first.
By the end of the year, the group says it will waive a domination or profit transfer agreement and does not want to buy out the remaining Uniper shareholders with a so-called squeeze-out.
"No decision has yet been made for the time after that," added Fortum.
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Uniper announcement
Fortum announcement