Jorge Calvet has been appointed as Executive Chairman by Gamesa?s Board

Guillermo Ulacia said that, “The last four years leading Gamesa have been full of passion. During this time, Gamesa has consolidated its positioning at the forefront of one of the most promising industries in both the domestic and international arenas”.

Gamesa’s new Chairman, Mr. Calvet, stated that “I take on the challenge of leading Gamesa in a difficult macroeconomic environment. The technological capabilities and the people building Gamesa represent a clear added value in coming out a winner.”

Mr. Calvet joined Gamesa’s Board of Directors in October 2005 as an independent Board member. In 2007, he was appointed Vice Chairman of the Corporation. Additionally, he has been President of the Audit and Compliance Committee.

Gamesa’s new Chairman has a degree in Law and in Business Administration (ICADE). Additionally, he completed his education at the NYU Stern School of Management, where he obtained his MBA specializing in Finance.

His professional background is primarily in investment banking in New York, London and Madrid, where he held positions in the upper management of firms such as Morgan Stanley, UBS and Fortis. He was also the Head of Capital Markets at Banco Vizcaya and afterwards at Banco Bilbao Vizcaya during Pedro Toledo’s mandate.

In 2005, he founded Noqca Partners, an independent financial advisory firm that has participated in relevant international corporate transactions in the Telecommunications and Industrial sectors. Amongst others, Noqca advised France Telecom in the acquisition of the Spanish telecommunications operator Amena.

He has sat on the Boards of Directors at Prensa Española, S.A.; Antena 3TV; TESA (Taller de Editores, S.A.) and France Telecom España, S.A. Since February 2008 he has been an independent Board member at Afirma Grupo Inmobiliario.

The Board has sincerely thanked the exiting Chairman for his professionalism and dedication during the time he held office and has highly valued his management of the Corporation.

Gamesa is a company specializing in sustainable energy technologies, mainly wind power. It is the leading company in Spain and situated among the world’s three most important wind turbine generator manufacturers. Gamesa has installed more than 16,000 MW of its main product lines in 20 countries spread out over four continents. The annual equivalent of this production amounts to more than 3.45 million tons of petroleum (TEP) per year and prevents the emission into the atmosphere of over 24 million tons of CO2 a year. The company has around thirty production centers located in Spain, China and the United States with a workforce of around 7,000 employees.