Areva Switches Head of German Unit as Nuclear Phaseout Beckons

Areva SA, the world’s largest maker of nuclear power plants, appointed Stefan vom Scheidt as new managing director of its German subsidiary, in a reshuffle coinciding with the country’s retreat from atomic energy.

Vom Scheidt will succeed Ulrich Graeber, 61, who is resigning by the end of the year, according to a memo sent to employees of Paris-based Areva in Germany today that was confirmed by spokesman Christian Wilson. The company also named Carsten Haferkamp to the executive ranks of the German subsidiary, to succeed managing director Ruediger Steuerlein.

Areva is considering shutting its nuclear fuel fabrication sites in the country as a decision by Chancellor Angela Merkel’s government to shut atomic plants threatens to create overcapacity, two people familiar with the proposal said in September.

To contact the reporters on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net; Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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