Chairman Wallis taking control at Powergen.POWERGEN chief executive Nick Baldwin is Baldwin I, Latin emperor of Constantinople Baldwin I (bôl`dwĭn), 1171–1205, 1st Latin emperor of Constantinople (1204–5). The count of Flanders (as Baldwin IX), he was a leader in the Fourth Crusade (see Crusades). to step down once the electricity group has been taken over by German giant E.ON E.ON Energy On (German energy company) . Mr Baldwin Baldwin, cities, United States Baldwin. 1 Uninc. city (1990 pop. 22,719), Nassau co., SE N.Y., on the south shore of Long Island, on Baldwin Bay; settled 1640s. A fishing center and summer resort, it has varied manufactures. said he was leaving on amicable am·i·ca·ble adj. Characterized by or exhibiting friendliness or goodwill; friendly. [Middle English, from Late Latin am terms but pointed out the new role would not be as extensive as his existing position. His position will be taken by Powergen chairman Ed Wallis, who will report to Ulrich Hartmann, chief executive of E.ON and future Powergen chairman. Mr Baldwin, who has been in charge for 11 months, said he intended to stay until completion of the E.ON deal - expected in April. Also leaving Powergen on completion of the E.ON deal will be finance director Peter Hickson. He is to be replaced by Michael Soehlke, currently executive vice president at E.ON. |
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