Thomas Ruckstuhl appointed Head of Asset Trading

The Board of Directors of Aare-Tessin Ltd. for Electricity (Atel), of Olten, has appointed Thomas Ruckstuhl as the new Head of Asset Trading with effect from 1 January 2008.

Restructuring of Atel trading business

The appointment has been made in conjunction with the restructuring of the trading business within the Atel Group. In recognition of the growing importance of the trading business, a new Trading & Services Division has been created from the former Trading business unit. The division will be managed ad interim by CEO Giovanni Leonardi. The Board of Directors has selected Thomas Ruckstuhl to head the Asset Trading business unit, part of the new Trading & Services Division.

Thomas Ruckstuhl has worked for Atel for around 10 years. As Head of Asset Trading at Atel Trading for the past three years, he performed the same function for which he will be responsible from 1 January 2008. Thomas Ruckstuhl graduated in electrical engineering from the Swiss Federal Institute of Technology in Zurich and has a post-graduate degree in business sciences.

Atel Holding Ltd