Germany to tap utility executive Reiche for economy minister, sources say
Published by Global Banking and Finance Review
Posted on April 27, 2025

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Published by Global Banking and Finance Review
Posted on April 27, 2025

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)