Wind company Gamesa has appointed Ignacio Martín as its new chief executive after Jorge Calvet's departure from the role.
Suggestions that the swap could have been a result of the company's rocky profits over recent months are circulating. However, Gamesa remains confident for the future.
Martín said, 'I am taking over at a company that successfully managed a buoyant economic period. Now that the expansion stage is behind us, it is time to focus and place more emphasis on competitiveness and profitability.
'We have the tools we need to come out of this process a stronger company: know-how, technological skill and an excellent team.