Senvion appoints new CFO

After being passed over for the CEO position at Senvion, the company's former CFO has now resigned. The successor comes from GE.

Photo: Senvion

Senvion's former CFO Manav Sharma was never promoted from interim CEO to a permanent position. Instead, the German turbine manufacturer has appointed Yves Rannou, former CEO for GE Hydro Business, to the top job.

Now, Sharma is leaving the company after six months as both interim CEO and CFO. Sharma took over the interim CEO post when Jürgen Geissinger stepped down from Senvion in May last year.

However, the company is ready with Sharma's successor, Germany's Hans-Jürgen Wiecha who will begin the job on Feb. 1. He comes from a position as CFO of Xella International.

In 2014, Senvion was acquired by US capital fund Centerbridge Partners, which shortly after brought in Jürgen Geissinger while planning an upcoming IPO. The listing became a reality in spring 2016.

In summer 2016, Senvion dismissed COO Christoph Seyfarth after just five months in the position. Seyfarth, who came from Nordex, replaced Danish executive Lars Rytter, who stepped down after US capital fund Centerbridge Partners took over former Repower [now Senvion, -ed.] from Indian firm Suzlon.

Centerbridge Partners also dismissed then-CEO Andreas Nauen who was replaced by Geissinger and who will now, in turn, be replaced by Rannou.

English Edit: Lena Rutkowski

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