Ørsted updates its executive management structure and appoints Rasmus Errboe as Deputy CEO

Ørsted A/S (Orsted) Ørsted updates its executive management structure and appoints Rasmus Errboe as Deputy CEO 21-March-2024 / 13:30 CET/CEST 21.3.2024 13:30:01 CET | Ørsted A/S | Other information disclosed according to the rules of the Exchange

Following the recent launch of its updated business plan, Ørsted today announces updates to its executive management structure to simplify the structure and further sharpen the company’s focus on project execution, financial discipline, value creation, risk management, and operational excellence. Supported by a DKK 270 billion investment programme, Ørsted plans to more than double its installed renewable energy capacity to 35-38 GW by 2030.

As part of the new management structure, Ørsted establishes a new Commercial organisation under Rasmus Errboe, who is appointed Deputy CEO and Chief Commercial Officer (CCO). Due to his new role, Rasmus Errboe will be part of the registered management of Ørsted A/S. Rasmus Errboe is currently interim CFO and was previously CEO of Region Europe at Ørsted.

Mads Nipper, Group President and CEO of Ørsted, says:
“I’m delighted to announce that Rasmus Errboe has accepted the role of Deputy CEO and CCO. Rasmus has done a very good job as CEO of Region Europe and more recently as interim CFO, and this has equipped him with a comprehensive understanding of the business, making him a strong fit for this new role."

Ørsted will keep its organisational set-up with three regions (Region Europe, Region Americas, and Region APAC) following the continued commercial and geographical focus of the company. Going forward, the regional CEOs, the Head of Global Stakeholder Relations, and the Head of Strategy, Portfolio, Innovation & Digital will report to the new commercial organisation under Rasmus Errboe.

Rasmus Errboe, Deputy CEO and Chief Commercial Officer, says:
"I’m very pleased to take on the role as Deputy CEO and CCO at Ørsted. I’ve been with Ørsted for more than a decade, and I continue to be deeply motivated by and proud of being part of our journey. The key focus for me and the team will be to continue to deliver on our updated business plan."