E.on Global Commodities CRO unfazed by renewables plan
David Port, CRO of E.on Global Commodities, has grappled with financial risk at several different types of trading firm. Now he faces another change, as E.on seeks to break itself into two
There are 'three Rs' that worry David Port, Düsseldorf-based chief risk officer (CRO) at E.on Global Commodities (EGC), the trading arm of German utility E.on. Those are recession, regulation and renewables – three great challenges that Europe's large utilities are working hard to deal with.
Among those companies, the approach adopted by E.on is currently unique. On November 30 last year, E.on announced a plan to radically alter its business, focusing solely on renewables, distribution networks
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