Vattenfall President & CEO Lars Josefsson is under pressure

Head of Vattenfall Europe resigns

The crisis at Swedish energy company Vattenfall continues, with a third executive losing his job.

The head of Vattenfall Europe has resigned after a series of incidents, including a fire, at two of the group’s German nuclear power plants.

In a statement, the company said that Vattenfall Europe chief Klaus Rauscher ”has offered to step down from his position.”

The head of the group’s nuclear division and its communiciations chief resigned earlier this week.

Rauscher had come under fire for the company’s communication policy after two recent incidents at nuclear power stations in Kruemmel and in Brunsbuettel, both in northern Germany.

German officials have accused Vattenfall of failing to report the full extent of a fire at the Kruemmel plant. Vattenfall has strongly denied that it sought to cover up the extent of the problems, but the incidents have caused an outcry in Germany, a country that is deeply divided over whether it should be using nuclear energy at all.

The Swedish chief executive of Vattenfall, Lars Josefsson, was named in December as Chancellor Angela Merkel’s advisor on climate change.Josefsson travelled to Berlin to tell reporters that Rauscher’s departure would allow the company to win back trust.

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