In Short – Siemens Gamesa is putting its India wind business up for sale, valuing the unit at around $1 billion. This move aligns with the company’s strategy to refocus on core markets. The India division, a key player in the renewable energy sector, has garnered interest from several potential buyers, highlighting the increasing appeal […]
Siemens Gamesa’s CEO Resigns After Run of Profit Warnings – EQ Mag Pro
Siemens Gamesa Renewable Energy replaced its chief executive officer after project delays and cost overruns led to profit warnings at the wind-turbine subsidiary of Siemens Energy AG. Jochen Eickholt, a Siemens Energy executive board member, will succeed Andreas Nauen as CEO on March 1. Eickholt, 60, has a track record of restructuring struggling businesses and […]
