Senvion‘s Chief Executive Officer Jürgen Geißinger is stepping down with the Board’s agreement.
Over the last two-plus years, Geißinger has led the company during a challenging time, successfully transitioning Senvion into a global company with a robust product portfolio and strong cost discipline, the company states. Today’s announcement reportedly comes as Senvion embarks upon the next stage of its growth and international expansion.
During his tenure, Geißinger has been successful in driving cost discipline post-IPO, driving new product development, expanding Senvion’s footprint and guiding it into new international markets. His successor will be able to build on this strong platform with the current growth momentum supported by product upgrades, the company states.
A search for Geißinger ‘s successor, led by Chairman Steven Holliday, is underway. During the interim period, Kumar Manav Sharma, chief financial officer of Senvion, has been appointed acting Chief Executive Officer. David Hardy, chief sales officer, has been appointed as Executive Director of Senvion.
“On behalf of the Board, I should like to thank Jürgen Geißinger for his significant contribution to Senvion, Steven Holliday, Chairman of Senvion, said. “During his time as chief executive, he has been instrumental in taking the business through the first phase of our international growth plans, against the backdrop of a challenging industry environment. The Board and Jürgen Geißinger agree that Senvion will benefit from the platform we have built to drive the company’s future success. Jürgen Geißinger leaves the business with our best wishes, and I am sure that he will be a success in whatever he decides to do next.”