Siemens Energy CEO: wind spin-off idea valid, but turnaround comes first

Core Viewpoint - Siemens Energy's CEO acknowledged the legitimacy of activist investor Ananym Capital's call for a spin-off of its unprofitable wind turbine division, emphasizing the need for the business to be stabilized and turned around first [1] Group 1 - The CEO's statement reflects a recognition of shareholder concerns regarding the performance of the wind turbine division [1] - The company is currently focused on stabilizing the wind turbine business before considering any structural changes such as a spin-off [1]