After almost five years at the helm of wind turbine manufacturer DeWind Co., the company's CEO, Robert C. Rugh, has announced that he will leave the company in September.
DeWind Co. is a wholly owned subsidiary of Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME). DSME says it expects to name a successor shortly, likely from the ranks of the parent firm.
By the end of this year, DeWind will have installed over 150 MW of new wind energy capacity in North America this year, bringing the total DeWind installed base in the Western Hemisphere from 2 MW when Rugh joined DeWind to 200 MW by the end of this year.
Rugh's other accomplishments include guiding the company through a financially difficult period early in his tenure, through a significant mergers and acquisitions effort that resulted in the September 2009 acquisition of DeWind by DSME, through the company's transition and integration into DSME, and through the introduction of DeWind turbines into the North American market.