Vestas posts loss, loses executives

VestasLogoWeb*100.jpg?v=1Vestas Wind Systems, the Danish wind-turbine manufacturer that operates factories in Colorado, reported a worse-than-expected loss of $218.4 million for 2011 on Wednesday, as it continues to show signs of distress amid slackening demand in Europe and Chinese competition.

Hours before reporting the loss, CFO and deputy CEO Henrik Nørremark quit the company. CEO Ditlev Engel has taken over Nørremark’s duties, he said.

Also, Jorn Rieks, who led Vestas’ offshore division, was fired after a few weeks in the job, MarketWatch reported Wednesday, citing Danish media accounts…

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