Executive Changes Abound At Siemens Gamesa, Including Exit Of Onshore CEO

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Siemens Gamesa Renewable Energy (SGRE) has announced a number of executive leadership changes, including the departure of Ricardo Chocarro, CEO of the company’s onshore business unit.

Entering into the next phase of its strategic plan, SGRE says it is “adjusting its leadership team and organizational structure to better respond to the dynamic market environment.”

Chocarro is leaving SGRE after 19 years. He and SGRE have agreed to “change the leadership in the onshore business unit in order to adapt to the challenges ahead,” the company says.

“During the last 15 months, Ricardo has made major contributions to the integration of the company and to the strong order entry we have seen over the last quarters. I thank him and wish him all the best for the future,” says Markus Tacke, CEO of Siemens Gamesa.

In addition to his role as CEO of the service business Unit, Mark Albenze will serve as CEO of the onshore business unit in the interim.

“Having led the service business with great success and combining extensive knowledge of the market and the company, Mark will seamlessly take over the additional role and drive the transition in onshore,” says Tacke.

Next, the board of directors has named Miguel Ángel López, currently SGRE’s chief financial officer (CFO), as a member and non-executive chairman of the board of directors, effective Dec. 1. He will succeed Rosa García, who has decided to leave the company and “seek new challenges after seven successful years,” says SGRE.

“I thank Rosa for her dedication and achievements since the [Siemens and Gamesa] merger, guiding Siemens Gamesa through the challenging integration,” says Tacke. “I wish her all the best for the future. I also thank Miguel for his strong contribution to the stringent execution of our strategic plan and his excellent performance as CFO. I’m sure he will continue to have a major impact on our future success, and I look forward to working with him in his new function.”

In turn, the board of directors has appointed David Mesonero the new CFO, also effective Dec. 1. As head of corporate development, strategy and integration, he has managed the integration of the company and contributed to the development of its strategic plan.

Lastly, to better address current and future market dynamics and further strengthen its cost-out efforts, SGRE has decided to introduce the function of a chief operating officer, whose appointment will be announced in the coming weeks.

“I am convinced that the new leadership team and organizational structure are the right answers to the dynamic market environment we are operating in,” adds Tacke. “These changes will be the foundation for a successful next phase for our company and towards industry leadership.”

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