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Vestas board chair to step down

Reuters
·1-min read
Illustration shows Vestas logo

COPENHAGEN (Reuters) - The chair of the board of Danish wind turbine maker Vestas, Bert Nordberg, has decided not to stand for re-election, the company said in a statement on Thursday.

The Board expects to elect the company's former CEO, Anders Runevad as the new chair after Vestas' annual general meeting on April 12, the company said.

"Now that the path back to profitability has been re-established and the right successor is in place, I have decided to dedicate more time to other things, including my family," Nordberg said in a statement.

Nordberg has been Vestas chair since 2012.

(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)