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Vestas says it has appointed Dag Gunnar Andresen as its new chief financial officer (CFO). He is expected to assume the position on Aug. 1.

Andresen has extensive knowledge of the energy sector, as he recently held a position as CFO of Scandinavia's largest energy company, Vattenfall AB, where he was a member of the company's executive management team from 2008 to 2011. Before that, he held senior positions at Nordea (2001-2008), Den Norske Bank (DNB) (2000-2001), the Nordic Investment Bank (1996-2000) and the Norwegian industrial Group Kvaerner (1994-1996).

Andresen also served in the Norwegian Navy and the Norwegian Air Force from 1984 to 1990.

Earlier this year, Vestas announced that, as part of a corporate restructuring, the company’s then-CFO, Henrik Norremark, would step down from his position.


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