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Vestas ends severance pact with CFO; deals cited
October  3, 2012 by Dominic Chopping in Market Watch
Denmark's Vestas Wind Systems A/S , the world's largest manufacturer of wind turbines, said it has terminated its former Chief Financial Officer's severance deal after it emerged he has cost the company up to 18 million euros from unauthorized deals in India.
Also filed under [ Denmark]
Vestas loses up to €18 million through unauthorised deals
October  3, 2012 in Energy Efficiency News
The deals signed last year, which Vestas says were "in violation of the company's internal provisions" and its interests, have definitely lost the company €4 million and may have lost a further €14 million.
Also filed under [ Denmark]
Vestas to scale down India operations
September 25, 2012 by M. Ramesh in Hindu Business Line
Vestas, the world's biggest wind turbine manufacturer, has decided to "scale down its sales efforts in the Indian market''. Vestas is currently implementing a global re-organisation plan to develop a "more scalable and flexible organisation" and cut cost by €250 million by the end of 2012.
Also filed under [ Denmark]

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