Germany Taps Former Goldman Banker as CFO of Nationalized Uniper

Jutta Doenges, a former Goldman Sachs Group Inc. banker who also ran Germany’s debt management agency, will take over as chief financial officer of recently nationalized utility Uniper SE, Bloomberg News reported. Doenges will take over on March 1, and replace Tiina Tuomela, whose contract expires, the company said in a statement, confirming an earlier report by Bloomberg. The Dusseldorf-based company suffered massive losses after Russia’s invasion of Ukraine triggered a surge in gas prices, and is in the midst of a management shakeup following a government takeover. Both its chief executive officer and chief operating officer said this month they were stepping down. Doenges said that her goal was to lead Uniper through a stabilization phase and eventually to “successfully reopen it to capital markets.” Doenges was a joint head of the Federal Finance Agency until October. She helped engineer government bailouts for tour operator TUI AG and airline Deutsche Lufthansa AG, which were left on the verge of bankruptcy after tourism slumped during the coronavirus pandemic. The 49-year-old began her career at Goldman and later worked for the German subsidiary of Sweden’s SEB AB. She sits on the supervisory board of both TUI and Commerzbank AG, in which the German government has held a 15.6% stake since it rescued the lender during the financial crisis. Read more.
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