Danish wind turbine maker Vestas A/S (VWS.KO) Chief Executive Ditlev Engel is confident that he will keep his job, according to an interview with the Financial Times published Monday.

After posting a larger-than-forecast net loss in 2011 and warning it may not be profitable in 2012 either, Vestas has been undergoing an extensive boardroom and management shake-up.

Earlier in February, the company's former chief financial officer Henrik Norremark resigned. In addition, Chairman Bent Erik Carlsen and his deputy, Torsten Erik Rasmussen, are stepping down later this month. Among Vestas's top executives, only CEO Engel has survived the shake-up.

"I am currently the chief executive officer, the chief operating officer and the chief financial officer, and I am not going anywhere," Engel told the Financial Times.

He said "unacceptable mistakes" has been made at the company under his leadership. However, Engel said Vestas needs the kind of leadership he can provide in these challenging times.

Vestas is grappling with a deteriorating market for wind turbines as extra supply and looming competition from Chinese makers has put downward pressure on prices, while a squeeze on government finances has put wind-energy subsidies at risk in Europe and the U.S.

Vestas' supervisory board has nominated Bert Nordberg, head of Sony Mobile, as its candidate to replace Bent Erik Carlsen as chairman at the company's upcoming annual general meeting. Nordberg has been responsible for carrying through an extensive restructuring process at Sony Ericsson, which was fully taken over by Sony Corp. (SNE) last month.

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