24Business

Ørsted replaces the head of Mads Nipper


Unlock free Digest editor

Ørsted, immediately replaced executive director Nipper with the current effect, because the world’s largest wind programmer in the world struggles to recover from expanding to the United States and revived the sinking price of the shares.

The Danish company said that Nipper, who held the best job of 2021, would replace Rasmus Errboe, Deputy Executive Director and Chief Commercial Director on February 1st.

Nipper’s departure comes after Ørsted This month was announced by Fresh Witedowns about his American business, accusing the impact of high interest rates and an uncertain prospect for the market.

“The impact on our business is increasingly challenging in the wind industry at sea, ranging from the narrow throat of the supply chain, increasing interest rates, to the variable regulatory landscape, mean that our focus has moved,” said Ørsted on Friday.

The return of Donald Trump to the White House deepened Ørsted’s challenges to the United States, where high interest rates and disorders in the supply chain have already threatened the success of his aggressive expansion.

Trump, who has committed to reverse much of the support of Biden administration to the Renewable Energy Source sector, has suspended a new sample wind in the United States.

Earlier known as Danish oil and natural gas, Ørsted is appreciated as an example of how the fossil fuel manufacturer can be successfully transferred to green energy.

But a combination of high interest rates and the growing doubts of investors over how quickly the world will cross from fossil fuels, has extinguished its progress. Ørsted shares have decreased 80 percent since Nipper took over at the height of flourishing in ESG supplies.

His pushing into the American initial at sea wind market He was in the heart of his difficulties, partly due to an underdeveloped supply chain in the country and heavy rules over installation vessels.

The company announced more billions of dollars in November 2023 in November 2023.

The reduction was launched by the exit of his then chief of finance and main operating director, but Nipper remained with the support of the Committee, saying that he had taken “complete responsibility” last year because of his problems, but that he would “fight everything I have” to return the company to the course .

He made comments as he announced plans in February 2024 to reduce 800 jobs, withdraw from some offshore wind markets and suspended the company dividend in an attempt to crash and divert work.

However, this month he announced Fresh Writedowns about his American business, a total of 12,12 billion. USD ($ 1.7 billion) and asking additional questions about management credibility.

Ørsted now has almost 16 gigavate winds and solar capacity installed around the world, most of which are wind winds. During the first nine months of last year, he earned a profit of 66.1 billion.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Social Media Auto Publish Powered By : XYZScripts.com