Siemens Gamesa changes leadership and restructures, plans to expand offshore wind power, and return to profitability in the next two years

Siemens Energy's official website reported on May 8 that its wind power unit Siemens Gamesa has launched comprehensive restructuring measures and long-term strategic development steps, including replacing the CEO, layoffs, etc., aiming to achieve double-digit operating profit margins , achieve breakeven and resume profitable growth by 2026.

Siemens Energy announced that Vinod Philip will succeed Jochen Eickholt as CEO of Siemens Gamesa and will take office on August 1, 2024. In addition, from June 1, the important core functions of Siemens Gamesa, such as human resources, IT, procurement and logistics, will be managed uniformly by the group.

Christian Bruch, CEO of Siemens Energy, said, "In a very difficult situation at Siemens Gamesa, Jochen Eickholt laid the core foundation for the urgently needed restructuring and new start within Siemens Energy. Quality issues The reason is not within the scope of his tenure. With the implementation of the restructuring plan, it is time for a generational change at Siemens Gamesa.”

According to reports, in the future, Siemens Gamesa will continue to actively develop onshore wind power and offshore wind power business. As part of its long-term strategy, the company will streamline its onshore wind business to focus on European and U.S. markets and increase offshore wind capacity.

"With growth in areas such as offshore wind power, Siemens Gamesa expects the number of employees to remain roughly unchanged in the coming years. The aim is to absorb as many planned layoffs as possible in the affected regions through internal job transfers." Siemens Energy said, The exact impact of the layoffs cannot yet be quantified. In the process of replacing the CEO, Jochen Eickholt and Vinod Philip will finalize the various measures in the coming weeks and discuss and negotiate with their respective employee representatives in the coming months.