Orsted reorganization includes CEO and senior management

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Ørsted implemented a new organization and changes in senior management. The current corporate structure with one commercial area and one onshore business unit will be replaced by three regions: Europe, Americas and APAC, comprising all commercial activities and represented in senior management. The Power-to-X (P2X) organization will remain a global business area. EPC, Operations & IT will continue to be a global organization with partially regionalized operations.

“We see unprecedented political ambition and market opportunity in renewables,” says Mads Nipper, Group Chairman and CEO of Ørsted. “But it is also becoming an increasingly complex environment in which to operate, with increasingly diverse local requirements, new customer needs and demands, a move towards integrated energy systems and above all fierce competition. That is why we are getting even closer to our markets and customers and integrating our offshore and onshore renewable energy organizations. At the same time, we empower our market organizations to ensure simpler and faster decision-making processes. »

New members of the group’s management team include Rasmus Errboe as Executive Vice President and CEO Europe Region, David Hardy as Executive Vice President and CEO Americas Region, Per Mejnert Kristensen as senior vice president and president of the APAC region, Olivia Breese as senior vice president and head of Power-to-X, Anders Zoëga Hansen as senior vice president and chief legal officer, and Ingrid Reumert as Senior Vice President and Head of Global Stakeholder Relations.

Neil O’Donovan, the current CEO of Ørsted’s onshore business and member of the Executive Committee, will take on a new role within the Group’s management team as Executive Vice President and Head of Strategy for portfolio and partnerships.

There are no changes to Group Chairman and Chief Executive Mads Nipper, Chief Financial Officer Daniel Lerup, Chief Human Resources Officer Henriette Fenger and Chief Operating Officer Richard Hunter, who all remain. members of the group’s management team. Ørsted’s Board of Directors will consist of the CEO, Chief Financial Officer and Chief Human Resources Officer.

Martin Neubert resigns and leaves Ørsted by the end of October.

As part of the reorganisation, the management committee of the commercial business area will no longer exist and Martin Neubert has decided to take this opportunity to step down as commercial director and deputy group managing director. He leaves Ørsted after almost 15 years with the company.

“It has been a privilege and a fantastic journey to be part of Ørsted’s highly successful transformation from a predominantly fossil fuel-based Danish utility to a global leader in green energy,” says Neubert. “Growing the offshore wind business in Ørsted, taking it to where it is today as the world’s No. 1, and incubating P2X as a new growth business for Ørsted has been an incredible journey.”

“I see the reorganization as the natural next step for Ørsted, and I am extremely pleased that this development also means that Ørsted can promote great internal talent to lead the new business functions within the group management team,” Neubert adds. “I naturally concluded that now was the right time for me to step aside and focus on exploring exciting new challenges for the next level of my career outside of Ørsted.”

“I fully understand and respect Martin’s choice to use this opportunity to take the next step in his impressive career,” comments Nipper. “Over the past 15 years, Martin has played a key role in transforming Ørsted and positioning us as the world leader in offshore wind. It was a great partnership, I learned a lot and really enjoyed working with Martin over the past two years. On behalf of my colleagues on the Executive Committee and the Board of Directors, I would like to express our sincere gratitude for his years of solid contributions and wish him the best for the future.

All organizational changes will be effective as of November 1, 2022.

In its financial reporting, Ørsted will continue to report in three segments: offshore, onshore, and bioenergy and others.

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