New Vestas chairman targets costs and communication

Sony Mobile Communications chief executive Bert Nordberg was elected chairman at Vestas’ annual meeting on 29 March, replacing Bent Carlsen, who stepped down after 16 years.

The Danish turbine maker describes Nordberg as a restructuring expert, having carried out major cost-cutting and Sony’s buyout of Ericsson’s share of the Sony-Ericsson joint venture. But he could not have picked a more difficult moment to join Vestas — in the aftermath of two profit warnings and a loss-making year, not to mention the 80% fall in the company’s share price since 2010.

Nordberg tells Recharge he conducted “thorough research” on Vestas when asked if he would take on the new role.

“I have a former Log in to read complete article.

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