According to a statement from Vestas late on 7 February, the board of directors “today received a thorough briefing on the conditions which during the last months have led to profit warnings. As a consequence of this, CFO and Deputy CEO, Henrik Nørremark resigns.”

The move comes less than a month after Vestas announced a wholesale reorganization of its management that was designed to draw a line under a series of missed financial targets caused by revenue shortfalls and cost over runs.

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