Siemens Energy shakes up troubled wind unit after reporting strong quarterly results

Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a loss-making business as the provider of power equipment emerges from its biggest crisis to date.

“The turnaround of our wind business is still our focus. To this end, we are taking steps to reduce complexity and create a more focused business,” Siemens Energy Chief Executive Christian Bruch said. He will replace 62-year old Jochen Eickholt, also a Siemens veteran, who led the wind turbine maker through its most turbulent time since it was created in 2017, including last year’s onshore wind turbine crisis.

Going forward, Siemens Gamesa’s onshore business will be focused on two main markets, Europe and the United States, the group said, fleshing out a more streamlined approach that was first flagged late last year.

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