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

Thursday, February 24, 2022
Schalke 04 logo on a soccer ball - ©Олександр Луценко/AdobeStock

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: Energy Pipelines Industry News Activity Europe People & Company News

Related Stories

Reach Subsea’s New 24-Meter USV Ready for Commercial Deployment

Reach Subsea’s New 24-Meter USV Ready for Commercial Deployment

DNO Quadruples North Sea Production with Sval Energi Acquisition

DNO Quadruples North Sea Production with Sval Energi Acquisition

UK: Renewables Workforce to Grow to 42,000 In Next Five Years

UK: Renewables Workforce to Grow to 42,000 In Next Five Years

Current News

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Egypt Halts Fertilizer Production In Light of Israeli Gas Disruptions

Edda Wind Welcomes New CSOV to its Fleet

TotalEnergies’ Unit to Build Battery Storage Site in Japan to Help Balance Grid

Subscribe for OE Digital E‑News

Offshore Engineer Magazine