Yahoo! Tech
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2025-01-31 10:22:57
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wss://relay.nostr.bandPublished at
2025-01-31 10:22:57Event JSON
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"Orsted, the world's largest offshore wind developer, announced that CEO Mads Nipper will step down and be replaced by Rasmus Errboe, the company's deputy CEO and chief commercial officer. The decision comes as the company faces a significant decline in its share price, which has fallen by 83% since its peak in 2021. The industry has been struggling with rising costs, supply chain bottlenecks, and regulatory changes, and Orsted's push into the US market has been complicated by the Trump administration's opposition to wind power. Nipper's departure is seen as a move to arrest the decline in the company's share price and restore investor confidence."
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