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Vestas' CEO to leave in Aug

Source: Twitter, @Vestas

May 8 (Renewables Now) - Vestas Wind Systems A/S (CPH:VWS) will have a new CEO as of August 1, 2019, the Danish wind turbine maker said on Tuesday.

Anders Runevad, the company’s current CEO and president, will step down and will be succeeded by Henrik Andersen. The latter is presently the CEO of Hempel A/S and is a member of Vestas’ board of directors since 2013. According to the press release, Andersen has occupied management positions in global companies over the past 20 years.

Runevad will keep his post as chairman of MHI Vestas Offshore Wind, Vestas’ joint venture with Japan’s Mitsubishi Heavy Industries (TYO:7011), until mid-2020. He will also act as Vestas’ advisor during the same period.

Anders Runevad has been at the helm of Vestas since 2013. Commenting on his decision to leave the company he said: “After completing the turnaround, implementing our Profitable Growth Strategy, and bringing wind energy on par with fossil fuel, Vestas and the industry have entered a new phase and I believe this is the right time for me to step down.”

In a separate press release, Vestas said it has implemented a share capital reduction by cancelling 6.79 million of treasury shares of DKK 1 (USD 0.15/EUR 0.13) each. Following the reduction, its share capital has a nominal value of DKK 198.9 million.

(DKK 1.0 = USD 0.150/EUR 0.134)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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