Reference is made to Vestas Wind Systems A/S company announcement No. 7/2012 of 8 February 2012, which informed that the Vestas chairmanship, Mr Bent Erik Carlsen and Mr Torsten Erik Rasmussen, and board member Mr Freddy Frandsen, will not stand for re-election for the Board of Directors at the Annual General Meeting on 29 March 2012.
The remaining board members elected by the annual general meeting have all informed the Board that they will stand for re-election.
The Board has now completed its search process for new Board members and proposes Mr Bert Nordberg, Mr Lars Olof Josefsson and Mrs Eija Pitkänen elected to the Board of Directors of Vestas Wind Systems A/S at the Annual General Meeting on 29 March 2012.
Mr Nordberg is currently the President and CEO of Sony Ericsson Mobile Communications as well as Executive Vice President in the Ericsson Group. Mr Nordberg brings strong experience from reorganising a global high-tech company with 7,000 employees through a crisis while simultaneously developing the product portfolio and increasing sales volumes.
Mr Josefsson served as President of Sandvik Mining and Construction, a division of the Sandvik Group, until the end of 2011 and is known for having contributed significantly to growing a heavy industrials company into an undisputed global market leader with exceptional customer focus and results.
Mrs Pitkänen currently serves as Vice President, Head of Corporate Responsibility, at Telia Sonera. She has been a frontrunner in developing global sustainability in several international companies
Following the Annual General Meeting, and assuming that that they are elected, the Board expects to appoint Mr Nordberg as Chairman and Mr Josefsson as Deputy Chairman of the Board of Directors.
The Board of Directors finds that the proposed candidates represent broad international business management experience and believes that the candidates will provide a strong and diverse skillset to the Board of Vestas Wind Systems A/S.
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Offshore WIND staff, February 16, 2012; Image: vestas