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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

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    New DNV GL class rules for floating offshore wind energy expands industry horizon

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

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    SeaMade secures €250m European loan for Belgian offshore wind farms

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    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

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    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    GE’s digital power transformers selected for multiple projects across the globe

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Siemens Gamesa announces Rosa García as Chairwoman and first appointments for the management team

in Market Reports, Renewable Power

Integration kicks off to create a leader in the renewable energy business First appointments of the leadership team confirmed to drive integration forward First Annual General Shareholders Meeting to take place in June Initial steps for the creation of a leading company in the global wind energy industry are well underway with the first meeting of the Board of Directors of the combined company, announcing first appointments for the joint management team. 

Ignacio Martín, former Executive Chairman of Gamesa, will continue as CEO of the combined company for the transition phase before he will hand over to the next management generation. As indicated, Martín intends to begin this transition phase by supporting the selection process and then retiring after his long service to the company. The Board of Directors newly constituted Appointment and Remuneration Committee will immediately begin the selection process for the new CEO.

 

In the Board of Directors meeting, Andrew Hall, formerly CFO of Siemens Wind Power, has been appointed the CFO of the merged company. Xabier Etxeberria,formerly Business CEO at Gamesa, will head its Onshore business, Markus Tacke, previously CEO of Siemens Wind Power, will head the united company’s Offshore business, and Mark Albenze, who was the CEO of Wind Service at Siemens Wind Power, will head the combined Service business. David Mesonero will be the Chief Integration Officer in addition to his current responsibilities as Head of Corporate Development. Rosa García, CEO for Siemens in Spain, has been appointed non-executive Chairwoman of the Board.

“Siemens Gamesa Renewable Energy’s future could not be in better hands, as it is equipped with a top-notch executive team and workforce which will shape the renewable energy industry of tomorrow. My responsibility during this next stage is to ensure the success of the natural succession process”, said Mr. Martín.


“It is a privilege to preside the company’s Board of Directors. I am convinced that we have the vision and talent necessary to successfully address the market and
customer needs”, said Rosa García, the combined company’s non-executive Chairwoman.

The members of the Board of Directors also confirmed the new company brand reflecting the joint strengths of the united company, and agreed on the new company name – Siemens Gamesa Renewable Energy – to be submitted for approval at the Annual General Shareholders Meeting taking place in June. Until then, the company will use the new brand but will continue to operate under the legal entity name Gamesa Corporación Tecnológica.

The merged company will remain listed on the Spanish stock exchange. Legal domicile and global headquarters of the company will be in Zamudio (Spain). The nshore headquarters will be also located in Zamudio, while the offshore headquarters will be located in Hamburg (Germany) and Vejle (Denmark).

 

Siemens Gamesa Renewable Energy will immediately focus on generating value creation for its stakeholders as a result of the strong industrial logic of the combination of Siemens’ wind business and Gamesa. This merger will enhance the competitive positioning of the combined company due to the scale and high complementarity nature of the combined businesses.


In total, the merged company has close to 27,000 employees and products and technology installed in more than 90 countries. The united company has combined
annual revenue of €11 billion, an order backlog of €21 billion and a global installed capacity of 75 gigawatts (GW).The registration of the merger in the Mercantile Registry of Biscay took place on April 3, 2017.

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