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home / news releases / GCTAY - Siemens Gamesa CEO Nauen resigns; Eickholt to take over

GCTAY - Siemens Gamesa CEO Nauen resigns; Eickholt to take over

Siemens Gamesa Renewable Energy SA ADR
Siemens Gamesa (OTCPK:GCTAF, OTCPK:GCTAY) CEO Andreas Nauen has resigned, to be succeeded by Siemens Energy board member Jochen Eickholt effective March 1; Frankfurt-listed shares in Siemens Gamesa rose 2% on the news. Nauen was appointed in 2020 to replace Markus Tacke, who ran the company for three years; Eickholt, who has worked at Siemens (OTCPK:SIEGY) for more than 20 years, currently is Siemens Energy's (OTCPK:SMEGF, OTCPK:SMNEY) board member responsible for Power Generation and Industrial Applications. The news comes two weeks after the world's largest maker of offshore wind turbines cut its profit outlook for the third time in nine months.

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Siemens Gamesa CEO Nauen resigns; Eickholt to take over
Stock Information
Company Name: Siemens Gamesa Renewable Energy SA ADR
Stock Symbol: GCTAY
Market: OTC
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