Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Orsted A/S    ORSTED   DK0060094928


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Orsted A/S : Ørsted appoints Mads Nipper the next CEO of Ørsted

share with twitter share with LinkedIn share with facebook
09/09/2020 | 12:02pm EDT

Today, the Board of Directors appointed Mads Nipper CEO and Group President of Ørsted as of 1 January 2021. Mads Nipper is currently CEO and Group President at 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.

Thomas Thune Andersen, Chairman of the Board of Directors, said:

“On behalf of the Board, I’m very pleased to announce Mads Nipper as Ørsted’s next CEO. 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.”

Mads Nipper, Ørsted’s next CEO and Group President, 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.”

Mads Nipper will take office on 1 January 2021. Henrik Poulsen will remain in office until 31 December 2020. To support a smooth transition, Henrik Poulsen will serve as special advisor to Mads Nipper until 31 January 2021.

The compensation package for Mads Nipper is in accordance with Ørsted’s remuneration policy and includes a fixed base salary of DKK 15 million which also covers pension contribution, an annual cash-based variable remuneration of 0-30% of the annual fixed salary with a target of 15%, and a long-term share-based remuneration with a target of 20% of the annual fixed salary. To participate in the long-term share-based remuneration programme, the CEO is required to own shares in Ørsted, as described in the remuneration policy. In 2021, the total target remuneration will be approx. DKK 20 million.

The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial year of 2020 or the announced expected investment level for 2020.

For further information, please contact:

Media Relations
Martin Barlebo
+45 99 55 95 52

Investor Relations
Allan Bødskov Andersen
+45 99 55 79 96

CV for Mads Nipper

Gender:         Male
Age:               54
Nationality:   Danish
Education:    MSc in International Business, Aarhus School of Business, Denmark, 1991

Previous positions:

2014 - 2020:   CEO and Group President, Grundfos A/S
1991 - 2014:   LEGO A/S, most recently as Chief Marketing Officer and Executive Vice President as well as a member of the Management Board

Non-executive positions:

  • Deputy Chairman, Confederation of Danish Industry
  • Vice Chairman of the Board of Directors, Danish Crown
  • Member of the Advisory Board, Axcel

Ørsted’s vision is to create a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks #1 in Corporate Knights’ 2020 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,000 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the company generated revenue of DKK 67.8 billion (EUR 9.1 billion). For more information on Ørsted, visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.



  • 09SEP2020_Company announcement_Ørsted appoints Mads Nipper the next CEO of Ørsted

© OMX, source OMX

share with twitter share with LinkedIn share with facebook
All news about ORSTED A/S
11:16aGLOBAL MARKETS LIVE : Microsoft, Deutsche Bank, Sony…
09:50aORSTED A/S : Ørsted starts construction of 298 MW Nebraska wind project
03:27aORSTED A/S : Offshore wind firm Orsted beats third-quarter expectations
03:16aORSTED A/S : 195;rsted A/S Interim Report For The First Nine Months Of 2020 -- S..
03:10aORSTED A/S : Interim report for the first nine months of 2020 – Strong fin..
03:01aORSTED A/S : Interim report for the first nine months of 2020 – Strong fin..
10/23ORSTED A/S : quaterly earnings release
10/23Shell hires Orsted's Brostrom to lead global renewables unit
10/23ORSTED A/S : Shell hires Orsted's Brostrom to lead global renewables unit
10/21ORSTED A/S : 195;rsted A/S Ørsted To Present First Nine Months Results On 28 Oct..
More news
Sales 2020 59 309 M 9 359 M 9 359 M
Net income 2020 13 295 M 2 098 M 2 098 M
Net Debt 2020 22 986 M 3 627 M 3 627 M
P/E ratio 2020 32,7x
Yield 2020 1,20%
Capitalization 396 B 62 606 M 62 553 M
EV / Sales 2020 7,07x
EV / Sales 2021 7,03x
Nbr of Employees 6 731
Free-Float 44,8%
Duration : Period :
Orsted A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ORSTED A/S
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 22
Average target price 871,95 DKK
Last Close Price 944,00 DKK
Spread / Highest target 16,5%
Spread / Average Target -7,63%
Spread / Lowest Target -48,6%
EPS Revisions
Henrik Poulsen Chief Executive Officer
Thomas Thune Andersen Chairman
Marianne Wiinholt Chief Financial Officer
Benny Gøbel Non-Independent Director
Lene Skole-Sørensen Deputy Chairman
Sector and Competitors
1st jan.Capitalization (M$)
ORSTED A/S37.01%63 656
NEXTERA ENERGY25.17%148 459
ENEL S.P.A.4.57%88 946
IBERDROLA, S.A.15.47%76 858