Siemens Gamesa chief financial officer David Mesonero is to leave the turbine manufacturer at the end of this month, after 10 years at the company.
Thomas Spannring, head of corporate controlling, will assume the chief financial officer role on an interim basis.
Mesonero became head of strategy and corporate development when Siemens Gamesa was established and played a “key role in the merger and integration process”, according to the company. He assumed the role of chief financial officer at the end of 2018.
Mesonero said: “It has been a privilege to serve as the CFO of Siemens Gamesa over such a critical and challenging period.
“I believe the company is in a healthy position to lead the energy transition and I´m confident it will build on strong foundations and drive future success. I am particularly proud of the work done by the finance team in recent times, particularly in the area of ESG where Siemens Gamesa has been a pioneer.”
Under Mesonero’s leadership Siemens Gamesa made “significant progress” in its financial strategy, recording key achievements such as reducing the gross debt of the company by more than €1bn in less than a year, while amending and extending syndicate loan facilities, and financing the acquisition of Senvion.
This work contributed to Siemens Gamesa earning its investment grade credit rating of BBB from the major ratings agencies.
According to the company these achievements have been realised in part through the introduction of environmental, social and governance (ESG) concepts in finances, making Siemens Gamesa “a pioneer in this area”, as recognised by MSCI, which recently elevated Siemens Gamesa´s ESG rating to A.
Spannring joined Siemens Gamesa from Siemens at the time of the merger as corporate chief accountant and head of corporate controlling.
“David has played a pivotal role in the development of Siemens Gamesa and I would like to thank him for the huge contribution he has made. He leaves with strong foundations for a successful future and I wish him the very best in his future challenges,” said Siemens Gamesa chief executive Markus Tacke.