Siemens Gamesa CFO to leave company at end-March

David Mesonero. Image by Siemens Gamesa. (www.siemensgamesa.com)

March 19 (Renewables Now) - David Mesonero, the CFO of Siemens Gamesa Renewable Energy SA (BME:SGRE), will leave the company at the end of March, the wind turbine maker announced on Wednesday.

The head of corporate controlling, Thomas Spannring, will assume the role of an interim CFO while the company assesses its options, Siemens Gamesa said in a press release.

Before filling the CFO seat at the end of 2018, Mesonero was the head of strategy and corporate development at the time when Siemens Gamesa was created, playing an important role in the merger between then Gamesa and Siemens Wind Power.

As CFO, he is credited with introducing the environmental, social and governance (ESG) principles in the company's financial strategy. Mesonero’s guidance allowed Siemens Gamesa to reduce its gross debt by more than EUR 1 billion (USD 1.08bn) in less than a year while improving and extending syndicate loan facilities, and finance the acquisition of certain assets from German peer Senvion SA (ETR:SEN), the company highlighted.

(EUR 1.0 = USD 1.08)

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