Nord Stream 2 AG CEO Steps Down from Soccer Club Schalke 04's Board

Thursday, February 24, 2022

Matthias Warnig, the chief executive of Nord Stream 2 AG who has been targeted by U.S. sanctions, is stepping down from the supervisory board of German soccer club FC Schalke 04, the club said on Twitter.

It said Warnig had informed the club that he was resigning with immediate effect.

The United States on Wednesday imposed sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline as well as its CEO, adding to pressure on the Baltic Sea project that was designed to double the gas flow capacity from Russia to Germany.  

(Reporting by Maria Sheahan, editing by Kirsti Knolle)



Update:

In a separate statement, Schalke 04 said that following recent developments [in Ukraine] it had decided to remove the logo of main sponsor Gazprom, from the club's shirts.

"It will be replaced by lettering reading ‘Schalke 04’ instead," Schalke 04 tweeted.

Categories: People & Company News Energy Pipelines Industry News Activity Europe

Related Stories

McDermott Performs Record-Breaking Lift on BorWin6 HVDC Project

AGR Gets Offshore CO2 Storage Job in North Sea

First Turbine Stands Tall at Iberdrola’s 476MW Offshore Wind Farm

Current News

Women in Maritime Day: Shaping the Future of Maritime Safety

New Dutch Coalition Aims for More Offshore Gas Extraction

Iberdrola to Triple Offshore Wind Assets

ABS Wavesight eLog Books for Offshore Drilling

Subscribe for OE Digital E‑News