Vestas Wind Systems A/S appoints Anders Runevad as new Group President & Chief Executive Officer (CEO). He succeeds Ditlev Engel who will leave the company.

Ditlev Engel has been with the company since 2005 and has during the past 1½ years focused his efforts on leading Vestas’ extensive restructuring programme.

“Following the recent measures taken, it is now the appropriate time to make this change. The company is now entering a new phase, where we want to realise our growth potential, and I am confident that Mr Runevad has the right experience to lead the company going forward.

"The restructuring programme has resulted in a more competitive company and we thank Mr Engel for his leadership over the past eight years,” says Chairman of the Board of Directors of Vestas Wind Systems A/S, Bert Nordberg.

“I am delighted to be joining Vestas and look forward to leading the company in its next phase of development. I believe that my career has equipped me with the right tools to take on this task,” says newly appointed Group President & CEO of Vestas Wind Systems A/S, Anders Runevad.

Mr Runevad brings with him extensive experience from the telecom industry, having worked business-to-business, with complex infrastructure projects in an international environment. Additionally, Mr Runevad has in several senior positions led successful restructuring programmes in large organisations.

He also has a proven track record of driving growth. Mr Runevad will assume the position on 1 September 2013. Until then, Ms Marika Fredriksson, currently Executive Vice President & CFO of Vestas Wind Systems A/S, will assume the position as acting Group President & CEO.