17.03.2017
Nordex SE DE000A0D6554
DGAP-News: José Luis Blanco appointed CEO of Nordex to succeed Lars Bondo Krogsgaard
DGAP-News: Nordex SE / Key word(s): Change of Personnel
José Luis Blanco appointed CEO of Nordex to succeed Lars Bondo Krogsgaard
17.03.2017 / 16:29
The issuer is solely responsible for the content of this announcement.
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Hamburg, 17 March 2017. Today the Supervisory Board has appointed José Luis
Blanco to succeed Lars Bondo Krogsgaard as CEO of the Company. Nordex SE
presented record sales and profits in 2016, and increased market share
significantly. However, the company disappointed the market with its recent
publication of its 2017/18 forecast, and this had substantial negative share
price effect.
Lars Bondo Krogsgaard: "Nordex is fundamentally stronger than ever, but our
credibility has suffered as a consequence of the outlook, and this follows a
period, where our handling of communication matters has been criticized.
This is, ultimately, my responsibility, and I have therefore proposed to the
Supervisory Board that I am released from my contract on mutually acceptable
terms in the Company's best interest."
The Supervisory Board of Nordex SE has accepted and agreed to Mr.
Krogsgaard's proposal, and he will leave the company effective 31 March
2017.
Dr. Wolfgang Ziebart, Chairman of the Supervisory Board of Nordex SE:
"During Lars' tenure our company has more than tripled in size at steadily
improving margins, and we have become a truly global player. This would not
have happened without Lars' vision and energy. I regret Lars' departure, but
the full Supervisory Board respects his decision to do what is considered to
be in the best interest of the company. We thank him for his work and
commitment over the last 6 ½ years and wish him all the best for the future.
In appointing José Luis Blanco as CEO we ensure the continuity of the
company's performance. He has a vast experience as a longstanding manager in
the wind industry, we are very glad that José Luis Blanco accepted the
appointment."
Since the merger in April 2016 of Nordex and Acciona Windpower José Luis
Blanco has been the Deputy CEO and COO. Previously, he was CEO of Acciona
Windpower for more than 4 years. José Luis Blanco led the turnaround of
Acciona Windpower to a profitable business in 2015. Before joining Acciona
Windpower, José Luis Blanco spent 15 years at Gamesa holding in different
senior management positions, at various divisions including Wind USA, Solar,
Engineering, Offshore and Commercial departments. He has more than 20 years
of experience in the wind turbine industry.
José Luis Blanco will lead the company together with the Management Board
members Christoph Burkhard (CFO) and Patxi Landa (CSO).
The Nordex Group - a profile
The Group has installed more than 21 GW of wind energy capacity in over 25
markets and in 2016 generated revenues of EUR 3.4 billion. The company
currently employs a workforce of approx. 5,000. The joint manufacturing
capacity includes factories in Germany, Spain, Brazil, the United States and
India. The product portfolio is focused on onshore turbines in the 1.5 to
3.6 MW class, which are tailor-made for the market requirements in developed
and emerging markets.
For more information, please contact:
Nordex SE
Felix Losada
Phone: 040 / 300 30 - 1000
[email protected]
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17.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Nordex SE
Erich-Schlesinger-Straße 50
18059 Rostock
Germany
Phone: +49 381 6663 3300
Fax: +49 381 6663 3339
E-mail: [email protected]
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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555317 17.03.2017
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