BayWa r.e. CEO Matthias Taft will step down at the end of August 2025 by mutual agreement
His exit follows a €3 billion refinancing package that stabilizes BayWa r.e. amid tough market conditions
COO, CFO, and CRO will jointly manage responsibilities while a new CEO is sought
Germany-headquartered independent power producer (IPP) BayWa r.e. has announced that its Chief Executive Officer (CEO) since 2021, Matthias Taft, is set to leave the company at the end of August 2025.
With a degree in industrial engineering from the University of Hagen, Taft joined BayWa in 2013. Between 2015 and 2021, he was responsible for the company’s Renewable and Conventional Energy Divisions as a member of the Board of Management of BayWa AG.
His contract will come to an end by mutual agreement, stated the management while thanking Taft for helping to stabilize the company over the last 12 months.
The announcement follows BayWa r.e. securing a €3 billion comprehensive refinancing package to strengthen its financial position amid difficult market conditions for renewable energy in Europe (see BayWa R.E. Secures €3 Billion In Refinancing Package).
In a farewell note posted on his LinkedIn account, Taft said, “With the successful refinancing at the end of June BayWa r.e. has regained a level of stability that lays the groundwork for the future. The company is now in a position to focus on its operational transformation and, over time, seize new opportunities in the renewable energy sector once again.”
“Now it is time for others to bring in new ideas, perspectives and momentum,” he added. “This is a fresh start for BayWa r.e. – and a new opportunity to grow stronger than ever.”
As the management scouts for a new CEO, the job’s responsibilities will be shared among COO Daniel Gaefke, CFO Elmar Geissinger, and CRO Hans-Joachim Ziems.