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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 and EP Global Energy expand Wind for Prosperity partnership into Africa

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 reports solid quarter

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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