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Danish wind giant Vestas has seen another senior figure walk out the door. Engin Yokus, a senior director in charge of supplier quality, has announced his departure. In a social media post, he said he is leaving Denmark for Lucerne, Switzerland, to join US multinational Carrier, a specialist in ventilation and heating solutions.
Four years in Aarhus: from building a team from scratch to running a €4 billion portfolio
Yokus spent four years at Vestas’ headquarters in Aarhus. On joining, he served as Global Director of Quality and Development, initially responsible for the global drivetrain division, where he built a team from scratch and drove improvements in performance and product reliability. A year later he was promoted to Senior Director of Global Supplier Quality and Development, managing a business portfolio worth €4 billion that spans both onshore and offshore wind operations. At the time of his departure, his title was Global Head of Supplier Quality for the nacelle segment.
In his farewell message, he said he was “grateful to all colleagues and partners who were part of this journey and for everything we achieved together.” Before joining Vestas, he spent 14 years at Germany’s Bosch, working in Turkey, Russia and the US.
Not just him: leadership undergoing two-way churn
Yokus’ departure is far from an isolated case. Vestas has recently seen rapid turnover on both sides of the ledger:
In: The company hired Anna Mascolo from Shell as President of Northern & Central Europe and Global Offshore. She previously served as Shell’s Executive Vice President of Low Carbon Solutions, bringing more than 25 years of experience spanning research, energy trading, aviation, chemicals, M&A and low-carbon technologies. She succeeds Nils de Baar, who decided to retire from operational roles after more than ten years as regional president — he is expected to leave the company by the end of September. Vestas has also re-hired a chief project manager who previously worked at Siemens Gamesa and Ørsted.
Out: Two senior managers from procurement and the offshore support team announced their departures on the same day — Kasper Agesen, Senior Director of Service Procurement (first hired in 2010, returned in 2017, promoted to senior director as recently as March), and Mark Challinor, head of offshore service support for Asia Pacific, who served Vestas for 20 years and led the build-out of offshore service support across Chinese Taiwan, Japan and South Korea. Challinor has joined international engineering and contracting company Semco Maritime as Service Director. Earlier, Corinna Brandt, Vestas’ global head of offshore wind legal affairs, also left to join Chinese turbine maker Mingyang Smart Energy as its general counsel for Europe.
Behind the churn: restructuring running parallel with a profit turnaround
The rapid executive turnover comes amid Vestas’ organizational restructuring. According to incomplete statistics, Vestas cut more than 2,070 jobs in the year from April 2025 to March 2026. In January 2026, around 70 jobs were cut at the Ringkøbing plant in Denmark; in March, 440 jobs were cut at the Lindø nacelle plant, which produces nacelles for the flagship V236-15.0 MW offshore turbine. The company has also been cutting around 900 office positions globally, roughly 2% of its workforce.
Running parallel with the layoffs is a strong financial turnaround. In its Q2 2026 results published on 12 August, revenue came in at €4.723 billion, up 26.1% year on year. Adjusted operating profit (EBIT) jumped to €446 million, versus just €57 million a year earlier, lifting the adjusted EBIT margin from 1.5% to 9.4% — close to the company’s 10% long-term target. New turbine orders in the quarter reached 3.349 GW, up 67% year on year, and the turbine order backlog stood at €36 billion as of 30 June, with €40.9 billion in expected future revenue from service agreements. On the day of the results, Vestas shares surged more than 18% in Copenhagen, and the company raised its full-year guidance and launched a €400 million share buyback.
Decisive layoffs and leadership reshuffles on one side, surging orders and profits on the other — at a pivotal moment of onshore recovery and offshore transition, the wind giant is clearing the decks to cash in.