Vestas Wind Systems A/S announced that Jakob Wegge-Larsen will become chief financial officer (CFO) at Vestas and member of Executive Management. He is expected to take up the position as CFO during the second quarter of 2025. Jakob Wegge-Larsen joins Vestas from DB Schenker where he currently serves as CFO and member of the Management Board.

Prior to becoming CFO at DB Schenker in 2023, Jakob obtained extensive international experience through global and regional CFO roles within the Maersk Group, Hamburg Süd, and MSC Denmark. Rasmus Gram will continue as interim CFO until Jakob Wegge-Larsen starts and conduct a thorough handover as part of Jakob's induction. Jakob Wegge-Larsen is 48 years old, holds an MBA from Henley Business School in the UK, and lives in Denmark with his wife and two kids.

Detailed biography is attached as an appendix. Jakob succeeds Hans Martin Smith who left Vestas in December 2024 to pursue new challenges after more than 20 years at Vestas, ref. Company Announcement no.

20/2024.