Senvion Takes Swift Action to Improve Execution

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CEO Yves Rannou: "We have a strong order book, a great market position and products which our customers like. But we made operational mistakes in a challenging market environment and now need to focus on execution and on strengthening our customer focus."

After a comprehensive review of Senvion's global business, the challenging market conditions and its operational performance, the new Management Board of Senvion has started to implement a transformation programme as a matter of urgency, designed to stabilise the company, eliminate inefficiencies and improve execution to tackle the problems that caused loss of revenues and profits and triggered a change of forecast on 19 February 2019. "We have taken swift action to fix execution weaknesses both in terms of... ... More: Official Press Release Senvion

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Senvion, manufacturer, turbines, board, management, customer, challenging, operational performance, market