Orsted building
Image credit: Orsted

Danish energy giant Ørsted has appointed Mads Nipper as its chief executive and group president as of 1 January 2021. Nipper is currently CEO and president at Denmark’s pump manufacturer Grundfos.

The appointment follows the decision by Henrik Poulsen, announced on 15 June 2020, to resign his position and step down as CEO of Ørsted no later than 31 January 2021.

While you’re here:
IEA: Hydrogen and clean energy technologies key to meeting climate targets
Urgent renewables investment needed to transition faster says DNV GL

Thomas Thune Andersen, chairman of the Ørsted board, said: “Anchored in a clear sustainability vision, Mads has led a highly successful transformation of Grundfos over the past six years that has reinforced the company’s position in an increasingly competitive market, while also strengthening financial performance.

“With his deep commitment to sustainability and the green agenda, his strong personal leadership, extensive CEO experience, and his distinguished track record in leading global companies, the board is confident that Mads Nipper is the right person to lead Ørsted in the next phase of our exciting journey.”

Nipper said: “The challenge we face in transforming the world’s energy systems from fossil fuels to renewable energy to avoid the catastrophic consequences of climate change is more pressing than ever and requires action in all parts of society.

“As one of the five largest renewable energy companies in the world and with a clear ambition to be a leader in the global energy transformation, Ørsted is in a unique position to make a difference in the fight against climate change. I’m very excited to join the Ørsted team and to continue Ørsted’s successful journey to become one of the future global leaders in renewable energy.”

Poulsen will remain in place until 31 December. To support a smooth transition, Poulsen will also serve as special advisor to Nipper until the end of January 2021.

Sign up for our newsletter