Otto reflected on his decision: “I have been fortunate to experience a tremendous amount of organizational and personal growth at TenneT. I am grateful for everything I have learned and all that I have been able to contribute to make TenneT a great company and a great place to work. I enjoyed playing a key role in the organizational and cultural transformation of the company; the building blocks are now in place for the next phase of growth. I leave behind a stable and solid financial base for someone else to build on. Although I will miss many of my colleagues dearly, I feel the time is right to move on.”
CEO Manon van Beek commented: “Otto is TenneT's and my support and anchor for TenneT's financial and HR growth challenges, including record external green financing and recruiting in the last years and intensive collaboration with multiple German and Dutch stakeholders. A highly respected and experienced colleague whom I will certainly miss. At the same time I am grateful that Otto made his ambitions known at an early stage so that the search for a new CFO can start in time while we continue to work together intensively and with great pleasure and mutual trust."
"The Supervisory Board would like to thank Otto Jager for his excellent contribution to TenneT in the financial, regulatory, HR and supply chain domain. Under his leadership, TenneT has grown from a relatively small national TSO to a large European player with over EUR 4 billion of equity capital and more than EUR 20 billion of debt financing raised during his tenure. Otto Jager leaves the new TenneT on a very solid base with an excellent credit rating with stable outlook to embark on the growth of the coming years", says Ab van der Touw, Chair of the Supervisory Board TenneT Holding B.V.
Otto Jager is expected to hand over his responsibilities at some point in the second half of 2021, after a suitable successor has been found who can lead TenneT as CFO in a decade of record investments in the European energy transition. The Supervisory Board of TenneT Holding B.V. has meanwhile started an external search for a new CFO to ensure a diverse Executive Board with an European mindset.
