Orsted is reorganising its organisational structure to better position itself to capture opportunities in renewables and related areas, including power-to-gas.
The corporate structure at present, which has three business units, offshore, onshore, and markets and bioenergy, will be replaced by a “primarily functional structure” comprising commercial as well as engineering, procurement, construction (EPC) and operations.
The onshore business will continue to be organised in one business unit, onshore.
The commercial unit will bring together commercially focused functions from the current offshore and markets and bioenergy teams, including hydrogen.
Commercial will be headed by Martin Neubert who will become Orsted’s chief commercial officer, deputy group CEO of Orsted.
He also joins the executive board.
The EPC and operations area will bring together the EPC, offshore operations, and bioenergy teams from what is now the offshore, and markets and bioenergy units.
EPC and operations will be headed by a chief operating officer (COO).
Orsted CEO Mads Nipper (pictured) will lead EPC and operations until the position has been filled.
Onshore will remain a separate business unit, which differs from the rest of Orsted when it comes to its business model and strategic focus, said the company.
Onshore will be “best positioned to realise its full potential” by continuing as a separate business unit.
Declan Flanagan will continue to head onshore.
Nipper said: “Orsted is strongly positioned to tap into the future growth potential in the global renewables markets.
“With the new organisation we’re implementing now, we want to establish an even stronger customer and market focus, further strengthen the focus on EPC and operations, and support the scaling of our organisation as we continue our strong growth trajectory in the years to come.”
Orsted’s executive board will consist of CEO Mads Nipper, CFO Marianne Wiinholt, and CCO and deputy group CEO Martin Neubert.
Orsted’s executive committee will consist of Nipper, Wiinholt, Neubert, Flanagan, and chief HR officer Henriette Fenger Ellekrog.
Markets and bioenergy CEO and executive vice president Morten Buchgreitz has decided to leave Orsted with effect from 4 February.
Executive VP and head of offshore EPC and QHSE Anders Lindberg has accepted a position in his native country Sweden and will leave Orsted with effect from mid-February.
Nipper said: “Both Morten and Anders have played a significant part in making Orsted what it is today.
“On behalf of my colleagues in the Executive Committee and the Board of Directors, I’d like to express our gratitude for their strong contributions during their time at Ørsted and wish them all the best in the future.”
All organisational changes will be effective from 4 February 2021.
In its financial reporting, Orsted will continue to report offshore and onshore financials as separate segments.