Siemens Gamesa has “successfully navigated the challenging post-merger period” and has a “bright future ahead”, according to chief executive Markus Tacke.
Tacke, who was speaking at the company’s annual general meeting of shareholders, said: “We have clear goals and we are on track to achieve them: to become the industry leader by 2020. We are in the right business at the right time.”
He added that at the end of fiscal 2018 Siemens Gamesa had completed all planned milestones and targets for the merger and stabilisation phase.
“We have moved into the next and second phase leveraging economies of scale,” he said.
Shareholders ratified the appointment of Miguel Angel Lopez, the non-executive chairman of the board of directors, as a proprietary director, of Pedro Azagra as a proprietary director and of Rudolf Krämmer as an independent director.
Gloria Hernandez and Andoni Cendoya, both independent directors, were re-elected.
Lopez said: “We need to continue to work hard to achieve our objectives. We are a young and dynamic company in a changing market. We are a diverse company made up of 23,000 people of more than 100 nationalities.
“This diversity enriches us and gives us the capacity for adaptation, innovation and agility, our pillars for achieving success.”