Vestas Wind's CFO Change Should Restore Investor Confidence -- Market Talk

Dow Jones

2024/12/04

1248 GMT - The abrupt departure of Vestas Wind Systems' CFO Hans Martin Smith shouldn't be a surprise given the recent challenges affecting the service business, RBC Capital Markets analysts Colin Moody and Mark Fielding write. A change at top management, with an outside CFO candidate likely, should help restore confidence, they add. "We see the attractive midterm drivers as still in place for Vestas, though near-term execution by management on service will play a key role in sentiment," they say. Shares in the wind-turbine maker are down 5.9% at 101.30 Danish kroner. (ian.walker@wsj.com)

(END) Dow Jones Newswires

December 04, 2024 07:48 ET (12:48 GMT)

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A change at top management, with an outside CFO candidate likely, should help restore confidence, they add. \"We see the attractive midterm drivers as still in place for Vestas, though near-term execution by management on service will play a key role in sentiment,\" they say. Shares in the wind-turbine maker are down 5.9% at 101.30 Danish kroner. (ian.walker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 04, 2024 07:48 ET (12:48 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VWDRY","symbol_name":"Vestas Wind Systems A/S","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2488198686","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488198686","pubTimestamp":1733316480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1248 GMT - The abrupt departure of Vestas Wind Systems' CFO Hans Martin Smith shouldn't be a surprise given the recent challenges affecting the service business, RBC Capital Markets analysts Colin Moody and Mark Fielding write. A change at top management, with an outside CFO candidate likely, should help restore confidence, they add. \"We see the attractive midterm drivers as still in place for Vestas, though near-term execution by management on service will play a key role in sentiment,\" they say. Shares in the wind-turbine maker are down 5.9% at 101.30 Danish kroner. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VWDRY":"Vestas Wind Systems A/S","BK4182":"重型电气设备"},"translate_title":"维斯塔斯风电首席财务官的变动应该会恢复投资者的信心——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VWDRY":0.9},"content_text":"1248 GMT - The abrupt departure of Vestas Wind Systems' CFO Hans Martin Smith shouldn't be a surprise given the recent challenges affecting the service business, RBC Capital Markets analysts Colin Moody and Mark Fielding write. A change at top management, with an outside CFO candidate likely, should help restore confidence, they add. \"We see the attractive midterm drivers as still in place for Vestas, though near-term execution by management on service will play a key role in sentiment,\" they say. Shares in the wind-turbine maker are down 5.9% at 101.30 Danish kroner. (ian.walker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 04, 2024 07:48 ET (12:48 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}