REG-Ørsted A/S Ørsted updates its executive management structure and appoints Rasmus Errboe as Deputy CEO

Oersted A/SAnnouncement

21/03/2024 12:45

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   Ørsted A/S (Orsted)
   Ørsted updates its executive management structure and appoints Rasmus
   Errboe as Deputy CEO

   21-March-2024 / 13:30 CET/CEST

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   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  1 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."

   Ørsted’s Group Executive Team, effective as of 1 April 2024:

     • Mads Nipper, Group President and Chief Executive Officer (CEO).
     • Rasmus Errboe, Deputy CEO and Chief Commercial Officer (CCO).
     • Trond Westlie, Executive Vice President and Chief Financial Officer
       (CFO).
     • Patrick Harnett, Executive Vice President and Chief Operating Officer
       (COO).
     • Henriette Fenger Ellekrog, Executive Vice President and Chief HR
       Officer (CHRO).

   For further information, please contact:

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

   Investor Relations
   Rasmus Keglberg Hærvig
   +45 99 55 90 95
    3 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  4 orsted.com or
   follow us on  5 Facebook,  6 LinkedIn, Instagram, and  7 X.

       Attachments

     •  8 Ørsted updates its executive management structure and appoints
       Rasmus Errboe as Deputy CEO.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: MSCM
   TIDM:          Orsted
   Sequence No.:  311229
   EQS News ID:   1864499


    
   End of Announcement EQS News Service

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