REG-Ørsted A/S New Chair and Deputy Chair of Ørsted’s Board of Directors

Oersted A/SAnnouncement

19/02/2024 12:30

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   Ørsted A/S (Orsted)
   New Chair and Deputy Chair of Ørsted’s Board of Directors

   19-Feb-2024 / 13:29 CET/CEST

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   19.2.2024 13:29:00 CET | Ørsted A/S | Notice to general meeting

   Ørsted’s Board of Directors recommends Lene Skole as new Chair and Andrew
   Brown as new Deputy Chair of the Board of Directors of Ørsted A/S.

   On 7 February 2024, Ørsted announced that Thomas Thune Andersen, Chair of
   the Board of Directors of Ørsted A/S, decided not to seek re-election at
   the annual general meeting on 5 March 2024.

   Thomas Thune Andersen has served as Chair of Ørsted A/S for ten years, and
   in anticipation of a forthcoming chair succession, the Nomination &
   Remuneration Committee of Ørsted A/S has been evaluating the best chair
   succession scenarios for Ørsted, including evaluating internal and
   external candidates for the position.

   Based on this process, and when Thomas Thune Andersen informed the Board
   of Directors on 7 February 2024 of his decision to step down at the
   upcoming annual general meeting, the Board of Directors concluded that the
   best candidates for the positions as new Chair and Deputy Chair would be
   Lene Skole and Andrew Brown, respectively.

   Lene Skole knows Ørsted very well, having served as Deputy Chair of Ørsted
   A/S since 2015. Ørsted’s recently announced business plan towards 2030 was
   developed in collaboration between the Group Executive Team and the Board
   of Directors, and Lene Skole is therefore fully committed to the
   implementation of the plan. Lene Skole is currently CEO of Lundbeckfonden
   and a highly experienced non-executive director.

   Andrew Brown has spent his entire career within the energy industry and
   was most recently CEO of Portuguese energy company Galp SA. He joined the
   Board of Directors of Ørsted A/S in 2023 and is currently also acting as
   interim Chief Operating Officer, a role he will step down from in late
   March 2024.

   Following the conclusion by the Board of Directors, Lene Skole engaged in
   a process to confirm her availability to take on the position as Chair,
   and this has now been confirmed.

   The Board of Directors therefore recommends Lene Skole to be elected as
   new Chair, Andrew Brown to be elected as new Deputy Chair, and Annica
   Bresky, Julia King, Peter Korsholm, and Dieter Wemmer to be re-elected as
   board members at the upcoming annual general meeting on 5 March 2024.
   Information about the nominated candidates’ other executive positions,
   experience, and special competences is included in the attached supplement
   to the notice of the annual general meeting.

   Thomas Thune Andersen, Chair of the Board of Directors of Ørsted A/S,
   says:
   “I’ve worked closely with Lene over many years, and as I step down, I’m
   very happy that the evaluation of candidates has confirmed that Lene is
   best suited to take over as Chair and take the recently announced business
   plan forward together with the rest of the Board and the Group Executive
   Team.”

   The information provided in this announcement does not impact Ørsted’s
   previous financial guidance for the financial year of 2024.

   For further information, please contact:

   Global Media Relations
   Carsten Birkeland Kjær
   +45 99 55 77 65
    1 cabkj@orsted.com

   Investor Relations
   Rasmus Keglberg Hærvig
   +45 99 55 90 95
    2 ir@orsted.com

   About Ørsted
   The Ørsted vision is a world that runs entirely on green energy. Ørsted
   develops, constructs, and operates offshore and onshore wind farms, solar
   farms, energy storage facilities, renewable hydrogen and green fuels
   facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate
   Change A List as a global leader on climate action and was the first
   energy company in the world to have its science-based net-zero emissions
   target validated by the Science Based Targets initiative (SBTi).
   Headquartered in Denmark, Ørsted employs approx. 8,900 people. Ørsted's
   shares are listed on Nasdaq Copenhagen (Orsted). In 2023, the group's
   revenue was DKK 79.3 billion (EUR 10.6 billion). Visit  3 orsted.com or
   follow us on  4 Facebook,  5 LinkedIn, Instagram, and  6 X.

       Attachments

     •  7 Company announcement_New Chair and Deputy Chair of Ørsted’s Board
       of Directors.pdf
     •  8 Appendix A (Board candidates).pdf
     •  9 Supplement to AGM notice.pdf

   News Source: Ritzau

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          DK0060094928
   Category Code: NOA
   TIDM:          Orsted
   Sequence No.:  304659
   EQS News ID:   1840217


    
   End of Announcement EQS News Service

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References

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