COPENHAGEN - Danish energy company Ørsted A/S has announced a leadership change with Rasmus Errboe set to take over as Group President and CEO, succeeding Mads Nipper, effective February 1, 2025. The transition comes as the company navigates an evolving renewable energy market, characterized by supply chain issues, rising interest rates, and regulatory shifts.
Errboe, who has been with Ørsted since 2012 and served in various leadership roles including Deputy CEO and Chief Commercial Officer, brings extensive experience to his new position. He has been instrumental in the company's strategic developments, including the initial public offering in 2016 and the divestment of the oil and gas business in 2017.
Lene Skole, Chair of Ørsted’s Board of Directors, expressed confidence in Errboe's abilities to lead the company through the current industry challenges, citing his deep understanding of the business and the energy sector. Skole also acknowledged Nipper's contributions during his tenure, emphasizing the growth in Ørsted’s renewable capacity from 11.3 GW in 2021 to 18.2 GW in 2025 and his role in delivering consistent EBITDA guidance.
Nipper, who joined Ørsted in January 2021, reflected positively on his time as CEO, praising the team's achievements and expressing his best wishes for Errboe and the company's future.
Errboe's appointment is seen as a strategic move to maintain Ørsted's commitment to the green transition and its vision of a world powered by green energy. The company is set to publish its annual report for 2024 on February 6, 2025.
This leadership change is based on a press release statement from Ørsted A/S.
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