Since Morgane Trieu Cuot took on the role ad interim in February 2026, she has driven a significant transformation of Alpiq's Trading Division. The organization is now more connected and agile, responsibilities clearer, and collaboration between Trading, Assets, and Energy Solutions has been intensified. The new setup enables more efficient decision-making processes, increases transparency, and enhances Trading's contribution to Alpiq's integrated business model. Her appointment reflects the Board's confidence in her leadership skills, strategic thinking, and deep expertise in European energy markets. It becomes effective on January 1, 2027.
"Since Morgane took on the role ad interim, she has driven the transformation of Trading and strengthened its role in the integrated business model. The Board of Directors is convinced she is the right person to lead the Trading Division into the next phase of growth and value creation" - Alberto de Paoli, designated Chairman of the Board of Directors Alpiq.
Strong Collaboration and Focus on Value Creation
Trading is a strategic pillar of Alpiq's integrated business model. It connects the company's power plants and customer activities to the European energy markets, combining profound market knowledge, disciplined risk management, and the implementation of trading strategies across different time horizons. The division supports the optimization of power plant assets, market access, liquidity management, and value creation across the group.
"In recent months, Morgane has brought more clarity, accountability, and focus to the Trading organization, strengthened collaboration within Alpiq, and set important impulses for the future. I am very pleased that she will continue to lead Trading and contribute to the implementation of Alpiq's strategy" - Antje Kanngiesser, CEO Alpiq.
As Head of the Trading Division and a member of the Executive Board, Morgane Trieu Cuot will further develop Alpiq's trading activities and continue to strengthen the division's contribution to the company's integrated business model starting January 1, 2027.
"I am honored by the trust. Flexibility is gaining significance in the European energy system. Alpiq is well-positioned to generate value from this development. Together with our teams, I want to further strengthen our trading competencies and our contribution to Alpiq's integrated business model" - Morgane Trieu Cuot, Head of Trading Division Alpiq.
About Morgane Trieu Cuot
Morgane Trieu Cuot joined Alpiq in September 2024 as Head of Asset Trading. In this role, she was responsible for the trading and optimization of Alpiq's portfolio of hydropower plants, pumped storage plants, thermal facilities, and gas storage positions in Switzerland, Italy, and Spain. In February 2026, she took over the responsibility as Head of the Trading Division ad interim and became a member of the Executive Board ad interim. Morgane Trieu Cuot has more than 20 years of international experience in European energy and derivatives trading, asset optimization, and commercial value creation. Among other roles, she held senior positions at EDF Trading and BP in London. Her expertise includes power and gas trading, options, flexibility optimization, structured energy management, and data-driven trading competencies. She holds a master's degree in Finance from the ISC Paris Business School and has professional qualifications in financial market regulation and derivatives.
For more information about Alpiq, visit www.alpiq.com.
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