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Home›Business & Finance›Vestas to Launch Unified Technology, Production, and Supply Chain Division
Business & Finance

May 29, 2024 · about 2 years ago

Vestas to Launch Unified Technology, Production, and Supply Chain Division

Danish wind turbine manufacturer Vestas has unveiled its plans to establish a single organisation that will encompass technology, manufacturing, and global procurement to accelerate ramp-up and industrialisation. The company is merging its technology organisation (CTO) and manufacturing and global p

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Norther offshore wind farm with Vestas wind turbines
Norther offshore wind farm; Photo: Vestas

Danish wind turbine manufacturer Vestas has unveiled its plans to establish a single organisation that will encompass technology, manufacturing, and global procurement to accelerate ramp-up and industrialisation.

The company is merging its technology organisation (CTO) and manufacturing and global procurement organisation (COO) into one technology and operations organisation (CTOO).

The new organisation will be headed by Vestas’ current chief technology officer, Anders Nielsen, who will become CTOO. It is expected to be fully implemented during the third quarter of 2024.

Creating the CTOO organisation is only expected to impact senior management roles and not entail any restructuring at an operational level, said Vestas.

Due to this restructuring, the current COO, Tommy Rahbek Nielsen, has chosen to explore opportunities outside the company after more than 25 years of service.

“Vestas has built a strong backlog across onshore, offshore, and service towards the end of this decade, and we are today announcing the next step in our organisational evolution to deliver on our customer commitments,” said Henrik Andersen , Group President and CEO.

“The united CTOO-organisation will help accelerate ramp-up and industrialisation across Vestas and the industry by simplifying interfaces, collaboration and strengthening our end-to-end approach.”

In terms of other news coming from Vestas, the company recently signed a conditional agreement for the supply of wind turbines for a large-scale offshore wind project in Europe. The firm did not disclose the name of the client or the project.

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