After eight years in the role, Henrik Poulsen has resigned his position as chief executive of the world’s leading offshore wind developer, Ørsted
Mr Poulsen will continue as chief executive until 31 January 2021 at the latest. The board of directors has initiated a process to identify Ørsted’s next CEO, and Mr Poulsen will be nominated for the company’s board of directors at the next annual general meeting of the company in March 2021.
Mr Poulsen said, “It has been an incredible ride over the past eight years, and I have a tremendous amount of affection for Ørsted, its vision, and not least its people.
“Together, we have transformed a Danish utility predominantly based on fossil fuels into a global leader in green energy, which was ranked as the world’s most sustainable company earlier this year.
“In the process, we have increased the market value of the company by several hundred per cent. We are now at a point where the transformation is completed, and we have built a strong platform for global growth.
“I have concluded that it is the right time for me to step down and free up time to pursue other challenges. It has been difficult to reach this conclusion, but it is nonetheless the right decision.
“I owe a debt of gratitude to the board and executive management for their support and confidence, and to all Ørsted team for what they have done for the company during my tenure.”
Ørsted chairman Thomas Thune Andersen said, “Henrik has led a profound and highly successful transformation of Ørsted over the past eight years.
“On behalf of the board I would like to express our sincere gratitude and appreciation for the remarkable results he has spearheaded together with the entire Ørsted team.
“We regret his decision to resign but respect his wish to free up more time for other activities.
“We are pleased that Henrik has accepted our offer to nominate him for Ørsted’s board of directors at the AGM in March 2021. An appointment to the board will ensure that his vision, skills, and industry experience remain available to Ørsted, and it will provide a strong continuity in the governance and management of the company.”
Mr Thune Andersen said the board will evaluate internal and external candidates for the chief executive role, with a focus on finding the best candidate for the job.
With regard to his own plans, Mr Poulsen said, “I have not made any decisions about my future. I will find other challenges where I can make a contribution. Time will show where, when, and what type of role.
“Before opening a new door, I want to make sure that I leave my current role in an orderly fashion and without missing a beat. For now, my focus will remain solely on Ørsted. I am very happy to accept the board’s nomination at the AGM in March next year. An appointment will allow me to support the company’s continued strategic development.”
The company said Mr Poulsen’s decision does not change Ørsted’s financial guidance for the financial year 2020 or expected investment in 2020.
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