The board of Orsted chosen Lene Skole to take over as chair as the corporate’s administration navigates a turnaround plan following heavy losses in its US offshore wind enterprise final yr.
Pending her approval at an upcoming shareholder assembly in March, Skole will transfer up from the deputy chair place she’s held on the board since 2015, in accordance with an announcement.
As a present board member, Skole was concerned within the course of between the board and the corporate’s administration to plot a plan to shore up its steadiness sheet after $4 billion of write downs final yr. The corporate earlier this month suspended its dividend and minimize its ambition for its pipeline of inexperienced energy development this decade as it really works to reestablish belief with shareholders.
Skole is “absolutely dedicated” to that plan, the corporate stated.
The transfer comes after Thomas Thune Andersen introduced his plan earlier this yr to step down as chair after holding that place for almost a decade.
“I’ve labored carefully with Lene over a few years, and as I step down, I’m very pleased that the analysis of candidates has confirmed that Lene is greatest suited to take over as Chair and take the lately introduced marketing strategy ahead along with the remainder of the Board and the Group Government Group,” Thune Andersen stated in a written assertion.
Along with Skole, the board really helpful that present board member and interim Chief Working Officer Andy Brown tackle the deputy chair place. Brown was beforehand chief government officer of Portugal’s Galp and a long-time government at Shell earlier than that.
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