Senvion appoints Neil Robson as Chief Restructuring Officer

Senvion appoints Neil Robson as Chief Restructuring Officer

Luxembourg: Senvion today announced the appointment of Neil Robson as Chief Restructuring Officer (CRO). He will be part of the management board, reflecting the company's increased focus on securing financing solutions underpinning the implementation of the transformation programme. Neil Robson in his new role as CRO will be an important pillar in the financing discussions required to support the success of the transformation programme initiated in January 2019 by the new management team.

Neil Robson is a partner in restructuring advisory firm THM Partner 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, Neil worked as CRO with Scholz Holding GmbH and Apcoa Parking in Germany and also with BMI Healthcare as a Non-Executive Director and advisor in the UK. Neil is a Chartered Accountant and a member of the Institute for Turnaround. He previously worked for EY and Andersen.

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."

About Senvion:
Senvion is a leading global manufacturer of onshore and offshore wind turbines. The company develops, produces and markets wind turbines for almost any location - with rated outputs of 2 MW to 6.33 MW and rotor diameters of 82 metres to 152 metres. Furthermore, the company offers its customers project specific solutions in the areas of turnkey, service and maintenance, transport and installation, as well as foundation planning and construction. The Senvion systems are mainly designed in the major TechCenters in Osterrönfeld and Bangalore and manufactured at its German and Portuguese plants in Bremerhaven, Vagos and Oliveira de Frades as well as in Żory-Warszowice, Poland and Baramati, India. With approximately 4,000 employees worldwide, the company makes use of the experience gained from the manufacture and installation of more than 8,200 wind turbines around the world. The company's operational subsidiary Senvion GmbH is based in Hamburg and represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the Netherlands, the UK, Italy, Romania, Portugal, Spain, Sweden, and Poland as well as on a global level in the USA, China, Australia, Japan, India, Chile and Canada. Senvion S.A. is listed on the Prime Standard of the Frankfurt Stock Exchange.