FORMER RWE npower CFO Jens Madrian has been appointed as chief financial officer and chief commercial officer at Reactive Technologies, as part of its plan to lead the smart power transformation taking place in the UK energy sector.
Madrian will officially take up his dual role on 1 June. His main responsibilities will include driving the strategic, financial and commercial development and growth of the company in the UK and overseas, the company said.
Madrian quit big six energy firm npower along with its chief executive in August last year, after German owner RWE overhauled the management of its UK division following “unexpectedly negative” half-year results.
Along with CEO Paul Massara, Madrian left the business “by mutual consent” after a steep fall in profits at the UK subsidiary contributed to an 11% fall in operating profits at RWE. Madrian joined RWE in 1999 before moving to npower in 2015.
Madrian agreed to stay in post until December 2015 to ensure a smooth handover to his successor. Up to now he has still been with the parent company RWE to support the board on the strategic restructure of the RWE Group.
He joins Reactive Technologies as it grows its team of energy and technology specialists to support the widespread deployment of a patented, cloud-based, intelligent energy management platform.
“For several years I have witnessed the gradual transformation of the energy sector in the UK and other European countries. The transition from a centralised energy generation industry, that continues to rely heavily on polluting fossil fuels, to one that will inevitably involve decarbonisation, decentralisation and digitalisation…is turning the industry on its head,” Madrian said.
“When I asked myself which companies were best placed to introduce and lead transformational change in the energy sector, I was impressed by those demonstrating the ability to adapt quickly and introduce valuable experience and expertise from other industry sectors.”