New Vestas Brazil boss welcomes purge at 'fat' turbine-maker

Miguel Picardo Troyano – Vestas’ new chief executive in Brazil – has welcomed news of the company’s ousting of high-level executives and board members.

“I see this as positive because I think that we are now living the first stages of the new Vestas,” Picardo tells Recharge in an interview. “Today we see that Vestas is quite fat... bigger than we need.”

Despite a loss of €166m ($217m) for 2011, Picardo focuses on Vestas’ “healthy position in gathering new business”, which he says includes the best sales over the past three years.

Higher production costs — which Vestas predicts will decrease in 2012 — for the V112-3.0MW turbine and the company’s GridStreamer technology Log in to read complete article.

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