Siemens Energy shares jump as firm plans leadership change at wind turbine unit [Video]
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Siemens Energy shares jump as firm plans leadership change at wind turbine unit [Video]

VIDEO3:4403:44

Siemens Energy to be active in onshore and offshore going forward, CEO says

Siemens Energy shares soared as much as 13% on Wednesday after the German renewables firm raised its forecast for the year and announced that the CEO of its troubled wind turbine unit will be replaced amid “comprehensive restructuring measures.”

It said in a statement that Jochen Eickholt at Siemens Gamesa informed the board that he will step down from his position as CEO by mutual agreement on July 31, and be succeeded by Vinod Philip.

“In a very difficult situation at Siemens Gamesa, Jochen laid the central foundations for the urgently needed reorganization and new start within Siemens Energy. It is only fair to emphasize that the causes of the quality problems did not fall under his tenure as CEO,” said Siemens Energy CEO Christian Bruch in a statement. 

It said that Gamesa had initiated comprehensive restructuring …

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