Ørsted finds new CEO

Ørsted has appointed Mads Nipper as its next CEO and Group President, succeeding Henrik Poulsen.

Nipper, who currently holds the position of CEO and Group President at Grundfos, will take over the role as of 1 January 2021.

The appointment follows the decision by Henrik Poulsen, announced in June, to resign his position and step down as CEO no later than 31 January 2021, after eight years in the role.

Poulsen will remain in office until 31 December. To support a smooth transition, he will serve as special advisor to Nipper until 31 January 2021.

“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,” said Thomas Thune Andersen, Chairman of the Board of Directors.

“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.”