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Vestas CEO: “I’m the right one”

- By Charlotte Stubben

Ditlev Engel has no plan to step down after the Annual General Meeting yesterday.

"I have no other plan than staying as CEO," Engel told Reuters after the annual general meeting of shareholders in the city of Aarhus.

"I am the right one to execute the new strategy for Vestas in the coming years," Engel said.

Engel also said that Vestas would be able to manufacture the turbines in its record-high orderbook for 2013.

Three new members
At the Annual General Meeting three new members were elected for the Board of Directors.

Mr Bert Nordberg was elected Chairman of the Board, succeeding Mr Bent Erik Carlsen.

Read more: Vestas inks 50 MW order in China

Mr Nordberg is currently the President and CEO of Sony Mobile Communications as well as Executive Vice President in the Ericsson Group.

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


“I am honoured to take this position and I look forward to working with my colleagues on the Board and with Vestas’ executive management,” says Nordberg.

Bringing Vestas back to profitability
“Our immediate tasks are to ensure the execution of the existing plan for Vestas’ restructuring and cost-reduction, in order to stabilise Vestas and bring it back to profitability. This plan will be executed by Ditlev Engel and the Executive Management, with the full support of the board.” 



Two other new members were elected to the Board of Directors of Vestas Wind Systems A/S: Mr Lars Olof Josefsson was appointed Deputy Chairman of the Board of Directors and Mrs Eija Pitkänen was elected member of the Board of Directors.

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