🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Siemens Gamesa names Luijendijk CEO of onshore wind unit

Published 12/20/2022, 01:26 PM
Updated 12/20/2022, 02:15 PM
© Reuters. FILE PHOTO: A wind turbine of the Siemens Gamesa company located at the Port of Arinaga is seen from a viewpoint of Arinaga on Gran Canaria Island, Spain, May 2, 2022. Picture taken May 2, 2022. REUTERS/Borja Suarez/File Photo

By Andres Gonzalez

LONDON (Reuters) - Wind turbine maker Siemens Gamesa has appointed its Asia Pacific boss Richard Luijendijk as chief executive of its onshore unit as it seeks to turn around the business, a memo signed by Siemens Gamesa CEO Jochen Eickholt showed.

Luijendijk will replace Lars Bondo Krogsgaard, whose departure was announced in October, with the company saying in an email to staff it needed a "change due to the losses in the onshore business and the continuous underperformance."

A Siemens Gamesa spokesperson declined to comment.

The company posted a net loss of 940 million euros ($997.90 million) for 2022, citing higher-than-expected direct material cost inflation and component failures, while its onshore order intake was impacted by protracted contract negotiations and market delays.

"I want us to move away from silo thinking and for us to believe in the turnaround", Luijendijk said in the memo.

© Reuters. FILE PHOTO: A wind turbine of the Siemens Gamesa company located at the Port of Arinaga is seen from a viewpoint of Arinaga on Gran Canaria Island, Spain, May 2, 2022. Picture taken May 2, 2022. REUTERS/Borja Suarez/File Photo

Luijendijk will take on his new role in January.

($1 = 0.9420 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.