Siemens Gamesa rejigs management

Spain-based Siemens Gamesa Renewable Energy SA (BME:SGRE) said today it is revamping its leadership ranks "to better respond to the dynamic market environment."

The changes include the appointment of a new chairman, and the creation of a chief operating officer (COO) role to strengthen cost-out efforts.

Chief executive Markus Tacke said that 18 months after the merger Siemens Gamesa is completing the phase of merging and stabilising the company and that in the next phase, it will focus on "leveraging economies of scale and creating the foundation for sustainable profitability."

"The changes we announced today will strengthen the organization for the challenges ahead," he added.

The wind turbine manufacturer's current chief financial officer (CFO), Miguel Angel Lopez, has been appointed non-executive chairman of the board with effect from December 1. He will replace Rosa Garcia who is leaving the group to pursue new challenges.

The position of CFO will be taken up by David Mesonero, the head of corporate development, strategy and integration.

A COO will be appointed in the next weeks.

The company also announced the departure of the chief executive of its onshore unit, Ricardo Chocarro. It said it has agreed with Chocarro to change the leadership of the unit "in order to adapt to the challenges ahead." The chief executive of the service unit, Mark Albenze, will also act as head of onshore in the interim.

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