DepartureC-suiteJanuary 31, 2025
Mads Nipper departs
Previously Group President and CEO
Context
Nipper led Ørsted since January 2021, growing renewable capacity from 11.3 GW to a projected 18.2 GW. His departure came amid challenging offshore wind market conditions including supply chain bottlenecks, rising interest rates, and a shifting US regulatory landscape.
Move Details
- Person
- Mads Nipper
- New Firm
- Ørsted
- New Title
- Former Group President and CEO
- Previous Title
- Group President and CEO
- Announced
- January 31, 2025
- Effective
- February 1, 2025
- Seniority
- C-suite
- Move Type
- Departure
Tags
developer ipp