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Clipper chief exec resigns as company braces for 2009 losses
The company behind plans to build the world's largest wind turbine yesterday announced its chief executive had resigned after just 18 months in the job, confirming that it expects to post a loss for the second half of 2009 in the process.
AIM-listed wind turbine maker Clipper Windpower blamed order deferrals and the delayed commissioning of new turbines for contributing to the poor results.
March 9, 2010
by Rachel Fielding
in BusinessGreen
Firm behind flagship Britannia Project changes CEO for the second time in less than two years
The company behind plans to build the world's largest wind turbine yesterday announced its chief executive had resigned after just 18 months in the job, confirming that it expects to post a loss for the second half of 2009 in the process.
AIM-listed wind turbine maker Clipper Windpower blamed order deferrals and the delayed commissioning of new turbines for contributing to the poor results, alongside increased costs relating to its recently completed blade remediation programme and higher than expected warranty provisions for the Clipper's installed... [continue via Web link]
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