New Siemens Gamesa CEO sees no sense in divesting

Selling the OEM’s onshore or offshore wind businesses would not benefit the profitable service unit, says CEO Jochen Eickholt, who doesn’t equate restructuring and cost-cutting, while he does admit that some areas leave room for improvement.
Photo: Soeren Stache/AP/Ritzau Scanpix
Photo: Soeren Stache/AP/Ritzau Scanpix
BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN

Cutting straight to the chase, it was about showing that the company is on the right track. When Siemens Gamesa held its first annual general meeting with Jochen Eickholt as new chief executive after Andreas Nauen’s dismissal in early February, the message was that the problems had been mapped and the first steps taken on the long road back to profitability – that things are getting under control.

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