Orsted CEO Retains Confidence of Board to Execute Turnaround

Danish energy giant Orsted A/S has full confidence that Chief Executive Officer Mads Nipper is the right person to lead the firm through a turnaround after major losses in its US business and the dismissal of two top executives.

That’s the message from board member Andy Brown, who was recently nominated to take the deputy chair role at Orsted. The company on Tuesday named a new chief financial officer and a new chief operating officer. When asked whether Nipper is still the best person to serve as CEO — and if he will hold the job in a year’s time — Brown said “absolutely.”