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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