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Senvion makes appointment for restructuring

By: Tom Russell 20/03/2019 Senvion

General Turbines

Senvion has appointed Neil Robson as Chief Restructuring Officer (CRO), a role in its management board. Senvion stated that the appointment reflects the company's increased focus on securing financing solutions underpinning the implementation of its transformation programme. Neil Robson will be involved in the financing discussions behind the transformation programme, initiated in January 2019 by the new management team.

Senvion is a manufacturer of onshore and offshore wind turbines. The company develops, produces and markets wind turbines with rated outputs of 2MW to 6.33MW and rotor diameters of 82m to 152m.

Neil Robson is currently a partner in restructuring advisory firm THM Partners LLP, and has nearly 30 years of experience in operational and financial restructuring, including 15 years in management board or executive positions as CRO or CFO. Prior to his role at Senvion, Robson worked as CRO at Scholz Holding GmbH and at Apcoa Parking in Germany, and also with BMI Healthcare as a Non-Executive Director and advisor in the UK. Robson is a Chartered Accountant and a member of the Institute for Turnaround.

Yves Rannou, CEO of Senvion, states: "We are very glad to have Neil join the management board. He brings a lot of experience in successfully managing financial restructuring of companies in different industries, making him a great asset for Senvion and a perfect addition to the management team. We have a clear roadmap to stabilize and strengthen the company in the medium-term, and Neil, in the position of CRO, will drive Senvion's ongoing financing discussions with key stakeholders."

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Senvion makes appointment for restructuring

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