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By Dominic Chopping Orsted's chief financial officer and chief operating officer are leaving the company as it reshuffles its management to contend with increasingly challenging conditions...
Orsted announced the abrupt departure of Daniel Lerup, Chief Financial Officer (CFO), and Richard Hunter, Chief Operating Officer (COO).
Ørsted is particularly exposed to the US, where it expanded aggressively as it sought to transform itself from an oil and gas company into a major renewable energy company. Shares in the group, which is majority owned by the Danish government, have tumbled about 55 per cent this year and were little changed in early trading on Tuesday.
World’s biggest wind power firm reported heavy losses after cancelling two US projects
The UK’s leading offshore wind developer is in talks with Net Zero Secretary Claire Coutinho about the fate of its flagship project off the coast of Norfolk, after spiralling costs cast doubt over its viability.