Nordex Group has named José Luis Blanco as its chief executive to replace Lars Bondo Krogsgaard, who has decided to step down at the end of March.
Krogsgaard said his decision was prompted by the disappointing outlook for Nordex in 2017 and 2018.
He said: “Nordex is fundamentally stronger than ever, but our credibility has suffered as a consequence of the outlook, and this follows a period, where our handling of communication matters has been criticised.
“This is, ultimately, my responsibility, and I have therefore proposed to the supervisory board that I am released from my contract on mutually acceptable terms in the company’s best interest.”
Since the merger in April 2016 of Nordex and Acciona Windpower José Luis Blanco (pictured) has been the deputy CEO and chief operating officer of Nordex, having previously been CEO of Acciona Windpower.
Nordex chairman of the supervisory board Wolfgang Ziebart said: “During Lars’ tenure our company has more than tripled in size at steadily improving margins, and we have become a truly global player.
“I regret Lars’ departure, but the full supervisory board respects his decision to do what is considered to be in the best interest of the company.
“In appointing José Luis Blanco as CEO we ensure the continuity of the company’s performance.”
Image: Nordex
