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Gamesa announced the appointment of Xabier Etxeberria as the company’s Business CEO with responsibility for the manufacturing group’s business operations.

Xabier Etxeberría, a graduate in industrial engineering from Universidad Politécnica de Bilbao, has spent much of his professional career at the automotive engineering specialist group, GKN. 2011 was characterised by the exacerbation of the international financial crisis and tensions, most particularly in the eurozone, where the spotlight bore down on the weakness of certain European economies, including that of Spain. Gamesa generated revenue of € 3.03 billion in 2011 (+10%), thanks to a recovery in the manufacturing business, where sales volumes rose 16% to 2,802MW. 92 per cent of wind turbine sales was generated outside Spain, with the contributions by India (accounting for 19% of the total) and Latin America (contributing 15%, almost four times the 2010 level) standing out.  The volume-led recovery, coupled with cost cutting, enabled the wind turbine division to close 2011 with an EBIT margin of 4%, in line with guidance (4%-5%).
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