Nordic Windpower Appoints New Chief Financial Officer
BERKELEY, Calif., June 23 /PRNewswire/ — Nordic Windpower Ltd., the leading company manufacturing and selling innovative, utility-scale wind turbines based on proven Swedish technology, today announced that Prakash Ramachandran, a finance expert in growth-oriented technology businesses and international markets, has joined the company as Chief Financial Officer and member of its Board of Directors.
“We are pleased that Prakash Ramachandran, who has significantly accelerated growth for companies globally, has joined the all-star management team at Nordic Windpower,” said Steve Taber, CEO of Nordic Windpower. “His financial expertise and record of rapidly growing companies is a great fit for Nordic as it ramps manufacturing to meet a backlog of demand for turbines across the industry.”
“I am excited to be working with the excellent management team at Nordic Windpower, and particularly now, as it scales production,” said Prakash Ramachandran, CFO of Nordic Windpower. “Nordic has the team, cost-competitive and reliable technology, and sound backing from Goldman Sachs to lead in a booming global wind energy market.”
Prakash Ramachandran has more than 20 years of experience in high level finance with rapidly growing technology companies in the US and internationally. Most recently, Prakash was CFO at Novariant, Inc., a supplier of GPS-based machine control products for industrial markets such as agriculture and mining. During his five-year tenure, Novariant grew revenues tenfold, raised more than $40 million, closed two key strategic acquisitions, and grew from 15 to 150 employees worldwide.
Previously, Prakash directed finance for Sonicity, a software company with multi-casting technology for Internet streaming, funded by Sony Corporation. Prior to Sonicity, he worked in finance in Hong Kong, including five years as Sonex Group CFO, at which time, the company revenues grew from $100 to $300 million. He led the company’s expansion into China, India, Asia and South America.
Prakash has a Master of Science degree in management from Stanford Business School, Sloan Fellows Program. He is a chartered accountant of India and chartered management accountant of the UK.
About Nordic Windpower
With offices in California, Sweden and London, Nordic Windpower, Ltd., , manufactures and sells cost-competitive and highly reliable utility-scale wind turbines to large and small developers and community wind projects worldwide. With 10 years of trouble-free operation, Nordic’s two-bladed, flexible technology is based on a $75 million investment in R & D by the Swedish government.
Nordic Windpower Ltd.
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