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Germany to tap utility executive Reiche for economy minister, sources say
Published by Global Banking & Finance Review®
Posted on April 27, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 27, 2025
1 min readLast updated: January 24, 2026
Germany's conservative party plans to appoint Katherina Reiche as the new economy minister, part of a coalition deal with the SPD to boost economic growth.
BERLIN (Reuters) -Germany's conservative party is expected to name Katherina Reiche as the country's next economy minister, as part of a raft of appointments to be revealed on Monday, two people familiar with the matter said.
German conservatives under Friedrich Merz clinched a coalition deal with the centre-left Social Democrats (SPD) earlier this month, aiming to revive growth in Europe's largest economy just as a global trade war threatens recession.
A former lawmaker, Reiche has been CEO of regional energy infrastructure firm Westenergie - a division of E.ON, Europe's largest operator of power grids -- since early 2020.
Carsten Linnemann, General Secretary of Merz's CDU, said the conservative party would unveil its ministerial appointments on Monday.
Reiche, 51, served as a member of Germany's parliament from 1998 until 2015 and held roles as parliamentary secretary at the environment and transport ministries.
Prior to her current role, Reiche -- who sits on the supervisory board of automotive supplier Schaeffler -- was the chief executive of Germany's VKU association of local utilities.
The CDU and E.ON declined to comment.
(Reporting by Andreas Rinke; Writing by Christoph Steitz;Editing by Ros Russell)
The article discusses the expected appointment of Katherina Reiche as Germany's new economy minister.
Katherina Reiche is a former lawmaker and current CEO of Westenergie, expected to be named Germany's economy minister.
The coalition deal between German conservatives and the SPD aims to revive economic growth amid global trade tensions.
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