Siemens Energy boss wants to take more action at Gamesa

Munich At Siemens Energy, the pressure from investors and the supervisory board is growing on CEO Christian Bruch to finally turn around the problem subsidiary Gamesa. According to corporate circles, Bruch, who now also sits on the board of directors of the wind turbine manufacturer, is now making restructuring a priority. He is now regularly at the company headquarters in Madrid – and according to information from the Handelsblatt, plans to also take on the role of chairman at the crisis subsidiary.

After all, Madrid is the largest of many construction sites that Bruch is currently struggling with. When Siemens Energy was launched on the stock exchange two years ago as a spin-off of Siemens energy technology, the share was advertised primarily with the future prospects of renewable energies, while the business with conventional power generation was considered a case of restructuring.

In fact, however, Gamesa is struggling with high costs, fierce competition and many home-grown problems and cannot get out of the red.