Engine No. 1 Activist Presentation Deck
Anders Runevad
• Served as Chief Executive Officer (2013-
2019) of Vestas, which has more
installed wind power worldwide than any
other manufacturer
●
During his tenure, stock returned
a total of 480%, significantly
outperforming the global energy
and industrials sectors
• Credited with turning around Vestas,
including relieving debt burden, returning
to profitability, and restoring dividend
• CEO signatory to the Paris Pledge for
Action signed in 2015 in connection with
the signing of the Paris Agreement
Serves on 3 boards: Vestas, Schneider
Electric SE, and Peab AB (as of March
2021 no longer of the board of Nilfisk
Holding)
Text Source: Bloomberg. Quote Source: Businessperson of the Year (December 1, 2016). Fortune.
Relevant Experience
Renewable energy
Named in Fortune's "Businessperson
of the Year" list in 2016 and named
one of the "Best-Performing CEOs in
the World" by Harvard Business
Review (2016, 2017, and 2019)
●
Fills Unmet Board Need
Successful experience in evolving and
highly competitive energy landscape
●
"[S]ought to introduce discipline (read: cost cuts)
into what some have viewed as an altruistic
mission, looking to help wind power technology
mature so that it no longer requires subsidies to
attract customers. Under Runevad, Vestas ...
passed $10 billion in revenues ... with profits now
at a healthy $907 million. By contrast, Vestas lost
$1.3 billion in the last full year before Runevad
took over." - Fortune, 2016
REENERGIZE
EXXON//
23View entire presentation