Orsted’s chief financial officer and chief operating officer are stepping down and leaving the company with immediate effect.
From today, Rasmus Errboe, from the executive board, will serve as interim chief financial officer following Daniel Lerup’s (pictured) departure from the post.
Andrew Brown, a member of Orsted’s board of directors, has been appointed interim chief operating officer, replacing Richard Hunter.
The company has begun the processes of identifying a new chief financial officer and a new chief operating officer and expects the processes to be concluded as soon as possible in 2024.
Mads Nipper, Group President and chief executive of Orsted, said: “Orsted, along with the rest of the industry, is experiencing a challenging and volatile business environment.
“Therefore, the board of directors and I have agreed with our current chief financial officer and chief operating officer that we need new and different capabilities to lead the finance and EPC & operations functions to strengthen Orsted’s journey into the future.
“I would like to thank both Daniel Lerup and Richard Hunter for their contributions to Orsted.
“I’ve enjoyed working with both of them for the past years and wish them all the best with their new endeavours.”
Errboe is chief executive of region Europe and executive vice president at Orsted and has been with the company since 2012 in different management positions, including as chief financial officer for Orsted’s offshore wind business.
Together with the finance team and the group executive team, Errboe will lead the work on supporting Orsted’s capital structure and long-term commitment to its credit rating.
While Rasmus Errboe serves as interim chief financial officer, Olivia Breese will act as chief executive of region Europe while continuing in her current role as senior vice president and head of power-to-x at Orsted.
Brown has been appointed interim chief operating officer and member of the group executive team until 1 March 2024.
Together with the EPC & operations team, Brown will ensure a continued focus on managing the delivery of Orsted’s EPC projects while also further advancing and implementing a strengthened project management and supply chain strategy to reflect anticipated industry developments.