Siemens Wind-Unit Executives to Leave Amid Reorganization

Siemens AG said Jan Kjaersgaard, the head of its onshore wind power operations, will leave at the end of September as Europe’s largest engineering company implements a new organizational structure.

Henrik Stiesdal will also step down as the wind unit’s chief technology officer at the end of the year, to spend more time with his family, Munich-based Siemens said in an e-mail. Morten Rasmussen will take charge of technological innovations Aug. 1, while the manufacturer is seeking a replacement for Kjaersgaard.

Kjaersgaard, who will become chief executive officer of an unidentified Danish company, has been at Siemens since it acquired Denmark’s Bonus Energy A/S in 2004 to enter the wind-power industry. Siemens has increased renewable-energy revenue 17-fold since then to about 5 billion euros ($6.8 billion).

Siemens is reorganizing under CEO Joe Kaeser, eliminating a layer of administration as its current four business areas, or sectors, are divided into nine divisions.

The wind-unit personnel changes were reported earlier today by

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