April 24, 2018 / 10:54 AM / a month ago

Ex-Innogy boss Terium gets $14.7 million send-off

ESSEN, Germany (Reuters) - Former Innogy (IGY.DE) boss Peter Terium received about 12 million euros (10.5 million pounds) when terminating his contract early following a profit warning in December, the company said on Tuesday.

FILE PHOTO: Peter Terium, former chief executive of German ecological power supplier Innogy SE addresses the company's annual general shareholders meeting in Essen, Germany, April 24, 2017. REUTERS/Wolfgang Rattay

Terium, who served as the boss of parent RWE (RWEG.DE) before taking the same job at Innogy, had a contract running until March 31, 2021 but resigned effective Dec. 31, 2017. His total compensation would have been 17.3 million euros.

    Reporting by Christoph Steitz and Tom Kaeckenhoff; Editing by Maria Sheahan

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