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Chaos in Vestas: CFO gets fired and top Board members quit

- By Charlotte Stubben

Vestas announced late on Tuesday that its chief financial officer, Henrik Norremark, resigned because of recent profit warnings.

"The board of directors of Vestas Wind Systems A/S has received a thorough briefing on the conditions which during the last months have led to profit warnings," the company said in a statement. "As a consequence of this, CFO and deputy CEO, Henrik Norremark, resigns."

The statement provided no further details.

Read more: Vestas welcomes EU decision on a 27 per cent renewable energy target

The announcement that Norremark, who was designated last month to become chief operating officer, had quit came on the eve of Vestas' fourth-quarter report.

Read more: Vestas inks 50 MW order in China

Furthermore, Chairman Bent Erik Carlsen, Deputy Chairman Torsten Erik Rasmussen and board member Freddy Frandsen also will not stand for re-election.

Read related article Vestas worse off than predicted one month ago on Metal Supply.

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