Vestas Makes Executive Team Changes
Due to the changing US wind market, Vestas has determined it needs to switch up its executive team as follows:
- Eduardo Medina has been named President of Vestas North America. Eduardo previously served as President of Vestas Mediterranean. In this role, he will spearhead initiatives such as cost-competitiveness, phasing out the production tax credit (PTC), and climate crisis as addressed by states. Eduardo will relocate to the United States once American immigration restrictions due to Covid-19 are lifted.
- Chris Brown will step down as President of Vestas North America, allowing Eduardo Medina to step into that role in his place. Chris is leaving Vestas to build his own company.
- Javier Rodriguez Diez will succeed Eduardo Medina as President of Vestas Mediterranean. Javier will transition out of his current role as Senior Vice President, Global Sales and Key Account Management.
Vestas Wind Systems A/S designs, manufactures, installs, and services wind turbines worldwide. The company operates in two segments, Power Solutions and Service. The Power Solutions segment sells wind power plants, wind turbines, development sites, etc. The Service segment engages in the sale of service contracts, spare parts, and related activities. The Aarhus, Denmark-based company earned 12.15 billion EUR in revenue for 2019 and employs approximately 25,000 people.