Vestas desires so as to add a big-hitter from the US to its board, with William Fehrman – for a few years a high govt at tycoon Warren Buffett’s power empire – up for election as a director.
Fehrman is one among two new administrators put ahead for approval by shareholders on the Denmark-based world wind energy big’s annual assembly in April.
Fehrman is presently CEO of community infrastructure specialist Centuri Group. He was between 2018 and 2023 the CEO of Buffett’s Berkshire Hathaway Vitality – one among America’s largest wind energy house owners – and beforehand held different key roles within the billionaire’s US power corporations, together with its renewables operation.
In notes forward of the board election, Vestas mentioned Fehrman would convey “in-depth data of the North American renewable power business, sturdy political understanding of points referring to renewable power [and] intensive data of wind turbine industrial contracts”.
The US is a vastly essential marketplace for Vestas, the place it’s the solely European wind OEM giving native champion GE a run for its cash within the onshore market and has potential orders lined up within the nation’s fledgling offshore sector.
Vestas was the quantity two OEM behind GE in 2023 with 30% of the market totaling 1.91GW, in response to newest knowledge from American Clear Energy.
The opposite new director up for election on the Vestas assembly on 9 April is Henriette Hallberg Thygesen, a former high govt with Maersk.
Present administrators Bruce Harvey Grant and Kentaro Hosomi will not be standing for reelection.
