Vestas consolidates Asia business regions for future expansion

4C Offshore | Tom Russell
By: 18/10/2021 Vestas
Vestas has announced that it will consolidate its two regions China (CHI) and Asia Pacific (ASP) into one business region covering the Greater Asia region named Asia Pacific (APAC). The new united region will be led by Purvin Patel, current President of Vestas ASP, and be effective per 1. January 2022.

With the consolidation, Vestas aims to allocate resources most efficiently to execute across manufacturing, construction and service without compromising on safety or quality. More specifically, this includes leveraging competencies across the Greater Asia region, especially at its technology and manufacturing hubs in Tianjin, China and Chennai, India. Vests stated that China will play a pivotal role in its global setup, serving markets across Asia and the rest of the world.

Vestas will sustain a dedicated management team focusing on China. Current President of China, Thomas Keller, will become Chief Financial Officer of Vestas Latin America. The integration planning for the entire Region will commence today, while both regions will run independently to ensure business as usual until fully consolidated on 1 January 2022.

Henrik Andersen, Group President and Chief Executive Officer, said: “The global energy market is changing fast, and key to this development is the fast-growing energy demand in Asia, the continuous maturation of wind energy’s supply chain, as well as offshore wind’s rapid expansion from Europe to the rest of the world. By creating one Vestas business region for Greater Asia, we strengthen our regional setup to serve customers building their portfolio within both onshore and offshore, cater for our substantial supply chain footprint in China and India, establish one united and stronger leadership team, and improve our foundation to build a strong and diverse talent pipeline.”

Purvin Patel, incoming President of Vestas APAC, adds: ”Today marks the beginning of an exciting new chapter for Vestas in the Greater Asia region. We want to build one bigger and bolder Vestas APAC where we will be able to accelerate the expansion of sustainable energy solutions and services. On behalf of the management team, I look forward to welcome the around 7,000 colleagues in the newly formed APAC region to embark on a journey that will undoubtedly transform countries in the region by putting the energy transition at the center of the future sustainable era.