Until a few days ago, E.ON chief executive Johannes Teyssen and his counterpart at EDF, Jean-Bernard Lévy, had only spoken with each other by telephone. They met in person for the first time at a meeting of the European industry association, Eurelectric, earlier this week in Berlin. While the two executives appear to share a similar chemistry, they’re pursing completely different energy strategies.
Handelsblatt: Mr. Lévy, your counterpart Johannes Teyssen has startled the industry with a radical shift in strategy. He wants to split up E.ON. What is your view of that strategy?
Jean-Bernard Lévy: I haven’t been working in the industry long enough to make such an assessment. I’ve been the head of EDF for eight months, and have had my hands full getting to know my own company.
And you see no need to do something similar at EDF?
Mr. Lévy: EDF is doing very well, given the difficult market, and it will stick to its integrated business model. There is no reason to make any significant changes to it.