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Initial steps for the creation of the combined company are well under way with the first meeting of the Board of Directors, announcing first appointments for the joint management team. Ignacio Martín, former Executive Chairman of Gamesa, will continue as CEO of the combined company for the transition phase before he will hand over to the next management generation.

The Board of Directors newly constituted Appointment and Remuneration Committee will immediately begin the selection process for the new CEO. In the Board of Directors meeting, Andrew Hall, formerly CFO of Siemens Wind Power, has been appointed the CFO of the merged company. Xabier Etxeberria, formerly Business CEO at Gamesa, will head its Onshore business, Markus Tacke, previously CEO of Siemens Wind Power, will head the united company’s Offshore business, and Mark Albenze, who was the CEO of Wind Service at Siemens Wind Power, will head the combined Service business. David Mesonero will be the Chief Integration Officer in addition to his current responsibilities as Head of Corporate Development. Rosa García, CEO for Siemens in Spain, has been appointed non-executive Chairwoman of the Board. The members of the Board of Directors also agreed on the new company name – Siemens Gamesa Renewable Energy - to be submitted for approval at the Annual General Shareholders Meeting taking place in June.

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