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Change of Management at Siemens Gamesa: Andreas Nauen Replaces Markus Tacke as CEO

Zamudio, Spain - The wind turbine manufacturer Siemens Gamesa has a new boss. According to Siemens Gamesa, the Board of Directors of Siemens Gamesa Renewable Energy and Markus Tacke have mutually agreed to terminate his CEO contract effective June 17, 2020.

With immediate effect, the new CEO is Andreas Nauen (55), who previously managed the company's offshore activities. A new CEO for the offshore business is to be announced soon. “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 CEO to now stabilize the onshore area quickly,” said Miguel Angel López, Chairman of the Board of Directors of Siemens Gamesa.

The Company also points out that, based on the assessment of management, project costs and the financial impact of COVID-19 disruptions will result in a negative EBIT in the third quarter, before PPA and integration & restructuring costs. The anticipated positive EBIT in the fourth quarter is not expected to completely offset the negative development for the full fiscal year.

Source: IWR Online, Jun 06 2020