Senvion Appoints Yves Rannou as Chief Executive Officer

Senvion Appoints Yves Rannou as Chief Executive Officer

Hamburg: Senvion S.A. ("Senvion") today announced the appointment of Yves Rannou as Chief Executive Officer effective March 2019, at the latest. Rannou will take over from acting Chief Executive Officer and Chief Financial Officer, Manav Sharma, who will continue in his role as Chief Financial Officer.

Rannou is a seasoned leader who brings to Senvion over 20 years of global senior executive experience in the renewable energy industry at GE and Alstom. He was most recently President and Chief Executive Officer of GE Renewable Energy's Hydro division, a position he held since November 2015. Prior to his time at GE Renewable Energy, he worked for 18 years at French-multinational Alstom, until its acquisition by GE in 2015. During this time he functioned as Senior Vice President of the hydro business, as well as Senior Vice President of the wind business, where he was in charge of all activities related to onshore and offshore wind. He also served as a member of Alstom's Renewable Power Sector Executive Committee.

Steven Holliday, Chairman of Senvion's Supervisory Board, said: "We are delighted to announce Yves' appointment as CEO given his deep experience working in renewables. Yves is a proven executive whose skills and expertise ideally complement the existing management team. We are confident that he is the right leader to execute Senvion's growth strategy and position the business for future success."

"We would like to thank our CFO Manav Sharma and David Hardy, our Executive Director and CSO, for their excellent work during the transitional period. We look forward to continuing our close and trustful work with them and the entire management team."

Commenting on his new role, Rannou, added: "I am thrilled and honoured to be joining Senvion at a truly exciting time for the wind industry. Senvion has a long and successful track record as a major contributor to the energy transition. Senvion's value proposition, its customers and suppliers, and most importantly our team are great assets for further international expansion, sustainable growth and value creation for our partners. I look forward to work together with Senvion's more than 4,000 talented employees to provide clean solutions for our planet."

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 7,900 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, 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.

About Yves Rannou:
Yves Rannou was most recently President and Chief Executive Officer of GE's Hydro Solutions business, and was also a GE Company Officer.

Yves began his career at Alstom in 1997 and has continuously strengthened his leadership expertise by serving project management expertise through a series of positions. Among these he has served as Quality Director, deputy General Director of pump-turbine activities, Head of project execution, Project Director for global structural projects, and Managing Director for China, all for in Alstom's Hydro business.

In 2014, Yves was appointed senior Vice President of Alstom's Wind business, based in Barcelona and was responsible for activities related to onshore and offshore wind and became a member of the Renewable Power Sector Executive Committee. In 2015, Yves was appointed Senior Vice President of Alstom's Hydro business in addition to his SVP role in the Wind business.

Yves holds a Master of Science in mechanical and electrical engineering from the Sorbonne University in Paris and an engineering degree from the ESTP. He has also obtained Six Sigma Black Belt certification and a diploma from INSEAD-AMS.