Sept 25 (Reuters) - Siemens Energy said on

Wednesday it has extended the contract of CEO Christian Bruch

for a further five years, the latest sign that the power

equipment supplier has turned a corner following a major crisis

at its wind turbine business.

Bruch, who has led the former Siemens AG

division since 2020, came under massive pressure last year when

a plan to acquire the remaining shares in wind unit Siemens

Gamesa threw the company into turmoil due to quality issues.

"The hoped-for improvements in transparency and access

materialized but showed fundamental shortcomings," Supervisory

Board Chairman Joe Kaeser said.

"Christian Bruch and his team have raised the

conventional business to new levels with unparalleled commitment

and stopped the existential decline of the wind business."

Bruch's current contract, which runs until April 2025,

was therefore extended early until April 2030, the company said

following a meeting of its supervisory board.

Bruch said his goal remained raising profitability and

the value of Siemens Energy shares, which on Wednesday hit their

highest levels since January 2021, adding this included

restructuring Siemens Gamesa and strengthening the group's

balance sheet.