Vestas Appoints Jakob Wegge-Larsen as New CFO, Set to Join in 2025

Vestas Appoints Jakob Wegge-Larsen as New CFO, Set to Join in 2025

(IN BRIEF) Vestas has appointed Jakob Wegge-Larsen as its new Chief Financial Officer (CFO), with his start date set for the second quarter of 2025. Wegge-Larsen brings significant experience from his current role as CFO at DB Schenker, as well as past CFO positions with Maersk Group, Hamburg Süd, and MSC Denmark. Vestas CEO Henrik Andersen expressed confidence that Wegge-Larsen’s extensive background will help the company achieve its financial goals. Wegge-Larsen, who has more than 20 years of experience in global logistics and shipping, is excited to contribute to Vestas’ growth. Rasmus Gram will continue as interim CFO until Wegge-Larsen’s arrival.

(PRESS RELEASE) Aarhus, 15-Jan-2025 — /EuropaWire/ — Vestas has announced that Jakob Wegge-Larsen will take on the role of Chief Financial Officer (CFO) and join the company’s Executive Management team. He is expected to assume his new position in the second quarter of 2025.

Currently CFO and a member of the Management Board at DB Schenker, Jakob brings a wealth of experience from prominent global companies. Prior to his role at DB Schenker, he held various regional and global CFO positions within the Maersk Group, Hamburg Süd, and MSC Denmark, amassing extensive international expertise.

Henrik Andersen, Vestas President and CEO, expressed his enthusiasm about Jakob’s appointment, stating, “I’m excited that Jakob will be joining Vestas as our next CFO after an extensive selection process. With his vast experience from several large global organizations, Jakob will play a key role in leading our Finance team as we strive for long-term, double-digit profitability. I would also like to extend my thanks to Rasmus Gram, who has done an excellent job as interim CFO.”

Jakob Wegge-Larsen also shared his excitement about joining Vestas, remarking, “I am thrilled to be joining Vestas at such a pivotal moment for the energy sector. I look forward to collaborating with the Executive Management team and my new colleagues to ensure that Vestas remains central to meeting the world’s growing energy needs. With over 20 years of experience in logistics and shipping, I am eager to bring my expertise from global business to help propel Vestas forward. I am grateful to Henrik and the Board for this opportunity as I embark on this exciting new chapter.”

Rasmus Gram will remain in his role as interim CFO until Jakob’s arrival, overseeing a comprehensive handover process as part of Jakob’s induction.

Jakob Wegge-Larsen, 48, holds an MBA from Henley Business School in the UK and resides in Denmark with his wife and two children. He succeeds Hans Martin Smith, who left Vestas in December 2024 after more than two decades with the company, as referenced in Company Announcement no. 20/2024.

Biography for Jakob Wegge-Larsen

Born:                1976
Nationality:        Danish
Resident:          Copenhagen, Denmark

Education
2013                 Henley Business School – Master of Business Administration
2001                 Zealand Business College – Graduate Diploma, Accounting

Former positions
2023-2025        Member of the Management Board & CFO, DB Schenker (Germany)
2020-2023        CFO, Maersk Ocean and Logistics (Denmark)
2017-2020        CFO and member of Executive Board, Hamburg Süd (Germany)
2014-2017        Business CFO, Maersk Line Operations (Denmark)
2008-2014        Regional CFO, MSC Denmark A/S (Denmark)
2000-2008        Various positions within the Maersk Group (Singapore, Holland & Denmark)
1996-2000        External auditor, Ernst & Young (Denmark)

Fiduciary positions
Member of the Board of Køge Private School (Denmark).

Media Contacts:

Contact details
Vestas Wind Systems A/S, Denmark

Investors/analysts Relation:
Daniel Patterson, Vice President
Investor Relations
Tel: +45 2669 2725

Frederik Holm Jacobsen, Senior Specialist
Investor Relations
Tel: + 45 2835 3365

Media Relation:
Anders Riis, Vice President
Communications
Tel: +45 4181 3922

SOURCE: Vestas