Johannes Teyssen must decide what to do with the business known in Europe as ‘the English patient’ WOLFGANG RATTAY“Life is like a box of chocolates,” Eon boss Johannes Teyssen told his new employees from Npower on a phone call, channelling Forrest Gump. “You never know what you’re going to get until you open the box.”The 59-year-old, newly in charge of Npower after its takeover by the German giant was completed this month, is right to feel apprehensive: Npower has been haemorrhaging customers and money, with losses of €250m (£220m) expected this year. In a less sugary turn of phrase, Teyssen described it as “an open wound that is bleeding profusely”. He has been left holding Npower after a planned merger of the UK company and its rival SSE fell through late last year, and it was lumped into an asset swap between…

Source: The Times September 28, 2019 23:04 UTC