EnergyWatch

Executive departure from Siemens was underway "for weeks"

Michael Hannibal feels that he is leaving Siemens Gamesa in a strong position and he is ready to strengthen CIP in the offshore wind industry, both in the North Sea and more distant markets.

Photo: EWEA

When Siemens Gamesa announced the departure of two executives last Friday, it came as a surprise to many.

Just four months after the official merger between Siemens Wind Power and Gamesa – and just one week after the turbine manufacturer's second downgrade of its own forecast since the merger – the departures of CFO Andrew Hall and Offshore Wind CEO Michael Hannibal were announced. The latter will be replaced by Hannibal's former Siemens colleague Andreas Nauen.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Siemens Gamesa drags down majority shareholder

Despite better sales than expected in the gas business, Siemens Energy downgrades its full-year guidance in the wake of Siemens Gamesa’s announcement of potentially massive losses in 2022.

Further reading

Related articles

Latest News

See all jobs