Vestas Appoints New Chief Financial Officer

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Vestas Wind Systems A/S appointed Marika Fredriksson as its Chief Financial Officer and member of the Executive Management. She succeeds Dag Gunnar Andresen, who unfortunately has decided to leave the company by the end of this month due to personal reasons.

Fredriksson has extensive experience in the role as CFO with 15 years in various industries and companies such as Gambro (2009-2012), Autoliv (2008-2009) and Volvo Construction Equipment (1996-2008). Over the years, she has also successfully participated in turnaround processes, change management and M&A. Fredriksson has gained international experience by managing change programs in various parts of the world as well as key acquisitions in Korea, the U.S., and China. She holds a masters’ degree from the Swedish School of Economics in Helsinki.

“I would like to thank Dag Andresen for his important contribution to Vestas. At the same time, I am very pleased that we have managed to find an excellent new CFO in Marika Fredriksson, who will be joining Vestas on 1 May 2013. I am certain that she has the right competences, commitment and cultural fit into our Executive Management team,” said Group President & CEO, Ditlev Engel.

“In Marika Fredriksson we have found a new CFO with the calibre and capabilities addressing Vestas’ needs. I would like to thank Dag Andresen for his contribution to the company during the past year,” said Chairman of the board of Vestas Wind Systems A/S, Bert Nordberg.

With the appointment of the new CFO, the Executive Management team at Vestas Wind Systems A/S consists of Ditlev Engel (Group President & CEO), Anders Vedel (Chief Turbines Officer), Juan Araluce (Chief Sales Officer), Jean-Mark Lechêne (Chief Operating Officer) and Marika Fredriksson (Chief Financial Officer).

For more information, visit www.vestas.com.