Siemens Gamesa replaces CEO after three profit warnings

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Siemens Gamesa replaces CEO after three profit warnings
France Dernières Nouvelles,France Actualités
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Struggling wind turbine maker Siemens Gamesa on Wednesday named a new chief executive for the second time in less than two years, more than 10 days after issuing the latest in a series of profit warnings.

A model of a wind turbine with the Siemens Gamesa logo in Zamudio, Spain, June 20, 2017. REUTERS/Vincent West/File PhotoSiemens Energy's Eickholt to take over as CEO on March 1MADRID/FRANKFURT, Feb 2 - Struggling wind turbine maker Siemens Gamesa

"Siemens Gamesa is experiencing significant challenges in its onshore business in a very difficult market," Siemens Gamesa Chairman Miguel Angel Lopez said.Frankfurt-listed shares in Siemens Gamesa , the world's largest maker of offshore wind turbines, were up 2.1% after the news.

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