Siemens Gamesa Replaces CEO Amid Onshore Challenges
February 03 2022 - 2:20AM
Dow Jones News
By Joshua Kirby
Siemens Gamesa Renewable Energy SA said late Wednesday that it
has appointed a new chief executive officer, as the turbine maker
faces continued challenges in its onshore business.
Jochen Eickholt, a board member at German parent Siemens Energy
AG, will take the reins at the Spanish company effective March 1,
replacing Andreas Nauen.
"Siemens Gamesa is experiencing significant challenges in its
onshore business in a very difficult market, and we have appointed
an executive with a strong track record in managing complex
operational situations and in successfully turning around
underperforming businesses," Chairman Miguel Angel Lopez said.
Mr. Eickholt has been with Siemens AG for more than 20 years in
roles including CEO of Siemens Mobility, and has served on Siemens
Energy's executive board since January 2020, Siemens Gamesa
said.
The company is due to report full first-quarter earnings
Thursday morning.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
February 03, 2022 02:05 ET (07:05 GMT)
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