Siemens Energy raises outlook, flags CEO change at troubled wind unit

FRANKFURT (Reuters) – Siemens Energy will replace the boss of its troubled wind turbine division after less than three years, the company said on Wednesday, also raising its outlook for the current year primarily on the back of its power grid business.

Jochen Eickholt, who took over as Siemens Gamesa CEO in March 2022, will step down at the end of July and be replaced by Siemens Energy board member Vinod Philip, the group said, adding Siemens Gamesa’s onshore business would be focused on two main markets going forward: Europe and the United States.

(Reporting by Christoph Steitz; Editing by Cynthia Osterman)