Preceded by Gunther Oettinger Residence Pforzheim, Germany Political party CDU Spouse Susanne Mappus (m. 2001) | Nationality German Role German Politician Preceded by Gunther Oettinger Name Stefan Mappus | |
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Born 4 April 1966 (age 58)
Pforzheim, West Germany ( 1966-04-04 ) Alma mater University of Hohenheim Party Christian Democratic Union of Germany Similar People Dirk Notheis, Winfried Kretschmann, Tanja Gonner, Gunther Oettinger, Nils Schmid | ||
Education University of Hohenheim Succeeded by Winfried Kretschmann | ||
Is the CDU Bastion of Baden-Württemberg Set to Fall? | People & Politics
Stefan Mappus (born 4 April 1966) is a former German politician from the Christian Democratic Union (CDU). He was the 8th Minister President of the state of Baden-Württemberg 2010-2011 and chairman of the CDU Baden-Württemberg 2009-2011.
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After losing the Baden-Württemberg state election, 2011 Mappus announced his resignation of the party chair. Currently, he is a Member of the Board of Advisors of the Global Panel Foundation, a respected NGO that works behind the scenes in crisis areas around the world.
EnBW deal
The public prosecutor's office in Stuttgart opened an investigation on 11 July 2012 against prime minister Stefan Mappus, several other ministers and Dirk Notheis, former head of Morgan Stanley Germany, in connection with the state's controversial purchase of a stake in utility Energie Baden-Wuerttemberg. Morgan Stanley's German operations, headed by Notheis, in 2010 advised Baden-Württemberg on the purchase of a roughly 45% stake in EnBW from French state-controlled utility Électricité de France for nearly 4.7 billion euros (about $5.77 billion) valuing the asset at a multiple of 6x operating profits. Also advising was Stuttgart law firm Gleiss Lutz. The transaction was signed four weeks after a decision by the German federal parliament to extend the maturities of existing nuclear power plants for another ten years on top of their existing license. Four months after the transaction, on 15 March 2011, the accident in a nuclear power plant in Fukushima/Japan happened, resulting in the decision by the Federal government to phase out nuclear generation, which adversely affected EnBW and its value. In addition to several fairness opinions as to the valuation of EnBW provided to the stakeholders at the time of the transaction, in total seven reviews over the EnBW share valuation were conducted over the process of the investigation. The dominating majority of reviews came to the conclusion that the price paid for the EnBW shares was fair. A review conducted by Professor Wolfgang Ballwieser deviated from the valuation consensus, however fell into great controversy after a material miscalculation of approximately €1b was discovered in Ballwieser’s valuation
The investigation was withdrawn by the State Attorney in October 2014 without any obligations at all to Mappus and the other individuals. Stefan Mappus and all others were cleared and informed in letters addressed to their respective lawyers dated 29 October 2014, in which they were also granted the right to make claims for damages.
Personal life
Mappus ist a Protestant and comes from a shoemaker-family in Mühlacker-Enzberg. Since 2001 he is married to in Kleve born Susanne Verweyen-Mappus, they have two sons and live in Pforzheim.