Wind turbine manufacturer Siemens Gamesa Renewable Energy says its board of directors and chief executive Markus Tacke have mutually agreed to terminate his contract with immediate effect
Andreas Nauen, who headed the company’s successful offshore segment, has been appointed chief executive. A new chief executive for the offshore division will be announced in due course.
Siemens Gamesa chairman Miguel Angel López said, “We would like to thank Markus Tacke for his work over the past three years and, in particular, for the integration of Siemens Wind Power and Gamesa in the course of the merger.”
The company did not provide any reason for Mr Tacke’s departure, but said it also wanted to communicate that project costs and the financial impact of Covid-19 disruptions will result in a negative EBIT in the third quarter, before PPA and integration and restructuring costs.
Anticipated positive EBIT in the fourth quarter is not expected to completely offset the negative development for the full fiscal year.
“Andreas Nauen has successfully demonstrated his ability to handle complex projects in the past. He has extensive experience with listed companies in the renewables sector. We expect the new chief executive to stabilise the onshore area quickly,” said Mr López.
As of 31 March 2020, the company had a record order backlog of €28.6Bn/US$32.3Bn (+21% year-on-year).
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