Ørsted Management

Management criteria checks 2/4

Ørsted's CEO is Mads Nipper, appointed in Jan 2021, has a tenure of 3.25 years. total yearly compensation is DKK23.00M, comprised of 66.9% salary and 33.1% bonuses, including company stock and options. directly owns 0.002% of the company’s shares, worth €458.13K. The average tenure of the management team and the board of directors is 2 years and 3.1 years respectively.

Key information

Mads Nipper

Chief executive officer

kr.23.0m

Total compensation

CEO salary percentage	66.9%
CEO tenure	3.3yrs
CEO ownership	0.002%
Management average tenure	2yrs
Board average tenure	3.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mads Nipper's remuneration changed compared to Ørsted's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-kr.21b
Sep 30 2023	n/a	n/a	-kr.21b
Jun 30 2023	n/a	n/a	kr.11b
Mar 31 2023	n/a	n/a	kr.12b
Dec 31 2022	kr.23m	kr.15m	kr.15b
Sep 30 2022	n/a	n/a	kr.18b
Jun 30 2022	n/a	n/a	kr.9b
Mar 31 2022	n/a	n/a	kr.15b
Dec 31 2021	kr.22m	kr.15m	kr.10b

Compensation vs Market: Mads's total compensation ($USD3.30M) is below average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Mads's compensation has increased whilst the company is unprofitable.

CEO

Mads Nipper (57 yo)

3.3yrs

Tenure

kr.22,995,000

Compensation

Mr. Mads Nipper serves as Chief Executive Officer and Group President at Ørsted A/S since January 1, 2021 and also serves as Member of its Executive Board. He serves as Vice Chairman of the Board at FLSmid...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Daniel Lerup	Member of Executive Board	2yrs	kr.7.78m	0.0023% DKK 497.6k
Henriette Ellekrog	Executive VP	4.5yrs	kr.7.96m	0.0019% DKK 420.9k
Rasmus Errboe	Deputy CEO	less than a year	kr.960.00k	no data
Mads Nipper	CEO, Group President & Member of Executive Board	3.3yrs	kr.23.00m	0.0021% DKK 458.1k
Trond Westlie	CFO & Member of Executive Board	no data	no data	no data
Patrick Harnett	Executive VP & Chief Operations Officer	no data	no data	no data
Rasmus Haervig	Head of Investor Relations	2yrs	no data	no data
Anders Hansen	Senior VP & Head of Legal	1.4yrs	no data	no data
Martin Barlebo	Head of Communications	9.1yrs	no data	no data
Neil O'Donovan	Executive VP and Head of Strategy	2.7yrs	no data	no data
Ingrid Reumert	Senior VP & Head of Global Stakeholder Relations	1.9yrs	no data	no data
David Hardy	Executive VP & CEO of Region Americas	1.4yrs	no data	no data

2.0yrs

Average Tenure

54.5yo

Average Age

Experienced Management: D2G's management team is not considered experienced ( 2 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Peter Korsholm	Independent Director	7.1yrs	kr.520.00k	0.0019% DKK 427.4k
Dieter Wemmer	Independent Director	6.1yrs	kr.640.00k	0.00071% DKK 155.6k
Lene Skole-Sorensen	Independent Chair of the Board of Directors	9.1yrs	kr.900.00k	0.00052% DKK 114.0k
Mogens Vinther	Board Observer	no data	kr.75.00k	no data
Andrew Richard Brown	Deputy Chairman	1.1yrs	no data	no data
Benny Gøbel	Employee Representative Director	13.3yrs	kr.400.00k	0.00026% DKK 57.0k
Julia King	Independent Director	3.1yrs	kr.400.00k	no data
Michael Bruun	Board Observer	no data	no data	no data
Philippe Lenoble	Board Observer	no data	no data	no data
Cathrine Collet Yde	Employee Representative Director	2yrs	kr.400.00k	no data
Francisca Mandiola	Employee Representative Director	2yrs	kr.300.00k	no data
Florence Vallienne	Employee Representative Director	2yrs	kr.300.00k	no data

3.1yrs

Average Tenure

58.5yo

Average Age

Experienced Board: D2G's board of directors are considered experienced (3.1 years average tenure).

Ørsted Management

Management criteria checks 2/4

Key information

Recent management updates

Ørsted A/S Appoints Rasmus Errboe as Deputy CEO and Chief Commercial Officer

Less than half of directors are independent

Ørsted A/S Announces CFO Changes

Ørsted A/S Announces Board Resignations

Ørsted A/S Announces Board Appointments

Ørsted A/S Announces Change of CFO

Recent updates

U.S. Department of Energy Selects Ørsted to Receive Industrial Decarbonization Funding

Ørsted A/S Appoints Rasmus Errboe as Deputy CEO and Chief Commercial Officer

Less than half of directors are independent

Ørsted A/S Approves No Dividend Payment for the Financial Year 2023

Ørsted A/S Approves No Dividend Payment for the Financial Year 2023

Ørsted A/S Announces CFO Changes

Ørsted A/S Announces Board Resignations

Ørsted A/S Announces Board Appointments

Full year 2023 earnings released: kr.50.10 loss per share (vs kr.34.62 profit in FY 2022)

Now 20% undervalued

Ørsted A/S to Report First Half, 2024 Results on Aug 15, 2024

Ørsted Secures 1.6 Gw Electricity Business License for Offshore Wind Project Off the Coast of Incheon, Korea

Ørsted Secures 1.6 Gw Electricity Business License for Offshore Wind Project Off the Coast of Incheon, Korea

Ørsted A/S Announces Change of CFO

New major risk - Financial position

Now 39% undervalued after recent price drop

Now 21% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 16%

Greencoat Capital LLP completed the acquisition of 25% stake in London Array Offshore Wind Farm in UK from Ørsted A/S (CPSE : ORSTED).

Second quarter 2023 earnings released: kr.1.40 loss per share (vs kr.0.31 profit in 2Q 2022)

Greencoat UK Wind PLC (LSE:UKW), managed by Greencoat Capital LLP agreed to acquire a 25% stake in London Array Offshore Wind Farm in UK from Ørsted A/S (CPSE : ORSTED) for approximately £720 million.

Greencoat UK Wind PLC (LSE:UKW), managed by Greencoat Capital LLP agreed to acquire a 25% stake in London Array Offshore Wind Farm in UK from Ørsted A/S (CPSE : ORSTED) for approximately £720 million.

Member of Executive Board recently bought €200k worth of stock

First quarter 2023 earnings released: EPS: kr.4.60 (vs kr.13.22 in 1Q 2022)

Upcoming dividend of kr.13.50 per share at 2.2% yield

Full year 2022 earnings released: EPS: kr.34.60 (vs kr.24.33 in FY 2021)

Ørsted A/S Recommends Dividend for the Year 2022

Ørsted A/S (CPSE:ORSTED) acquired remaining 55% stake in Liquid Wind AB.

Renewable Power Fund Plus LP managed by Energy Capital Partners, LLC acquired 862 MW Portfolio of Three Onshore Wind Farms and One Solar Farm in the US from Ørsted A/S (CPSE:ORSTED) for $410 million.

Ørsted A/S (CPSE:ORSTED) acquired OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & Co. KG, STWIND International S.A.S and OSTWIND Engineering S.A.S. from Ostwind AG.

Ørsted A/S (CPSE:ORSTED) acquired Ballinrea solar PV project in Ireland from Terra Solar Limited.

Second quarter 2022 earnings released: EPS: kr.0.30 (vs kr.12.90 in 2Q 2021)

Ørsted A/S Appoints Per Mejnert Kristensen as President of Region Asia Pacific

Ørsted Comments On Media Speculations Regarding Acquisition Of Ostwind

Ørsted A/S (CPSE:ORSTED) agreed to acquire 121 MW onshore wind farm in Ford County from funds managed by Ares Management Corporation (NYSE:ARES).

First quarter 2022 earnings released: EPS: kr.13.20 (vs kr.2.80 in 1Q 2021)

Ørsted Appoints Rasmus Keglberg Hærvig as Head of Investor Relations

Ørsted A/S Approves Dividend

Ørsted A/S (CPSE:ORSTED) acquired Scottish Floating Wind Development Project from Simply Blue Group and Subsea 7 S.A. (OB:SUBC).

Upcoming dividend of kr.12.50 per share

Investor sentiment improved over the past week

Orsted Reportedly in Talks with AXA Consortium on UK Offshore Wind Farm Stake

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Ørsted A/S Provides Earnings Guidance for the Year 2022

Ørsted Appoints Daniel Lerup as the Group Chief Financial Officer as of 8 April 2022

Ørsted A/S (CPSE:ORSTED) acquired 302 MW onshore wind farm in Morgan County, Illinois.

Third quarter 2021 earnings released: EPS kr.1.10 (vs kr.26.86 in 3Q 2020)

Second quarter 2021 earnings released: EPS kr.11.31 (vs kr.5.16 loss in 2Q 2020)

Executive VP & CEO Onshore Declan Flanagan has left the company

Ørsted A/S Completes Onshore Wind Project to Date

Ørsted Plans Carbon Capture At Avedøre Power Station as Part of the Green Fuels for Denmark Project

Ørsted A/S (CPSE:ORSTED) completed the acquisition of Onshore wind business of Brookfield Renewable in Ireland and UK from Brookfield Renewable Ireland Limited.

Government Pension Fund Global, managed by Norges Bank Investment Management completed the acquisition of 50% stake in 752 MW Borssele 1 & 2 Offshore Wind Farm from Ørsted A/S.

Ørsted Completes Permian Energy Center

First quarter 2021 earnings released: EPS kr.2.80 (vs kr.12.87 in 1Q 2020)

Ørsted A/S Provides Earnings Guidance for the Full Year 2021

Aker Carbon Capture, Ørsted and Microsoft Commits to Explore Development of Carbon Capture

Ørsted A/S Announces Executive Changes

Ørsted and PGE Polska Grupa Energetyczna S.A. Forms 50-50 Joint Venture on Baltica 2 and 3

Ørsted Reorganises to Position for Future Growth

Ørsted Announces Management Changes, Effective from 4 February 2021

Ørsted A/S Revises Earnings Guidance for the 2020

Caisse de dépôt et placement du Québec and Cathay Private Equity Co., Ltd. entered into an agreement to acquire a 50% stake in 605 MW Greater Changhua 1 Offshore Wind Farm in Taiwan from Ørsted A/S (CPSE:ORSTED) for TWD 75 billion.

New 90-day high: €156

Ørsted and Amazon Sign Offshore Wind Corporate Power Purchase Agreement

Ørsted A/S to Report Nine Months, 2021 Results on Nov 03, 2021

North America's Building Trades Unions and Ørsted Sign MOU for U.S. Offshore Wind Workforce Transition

New 90-day high: €145

Third-quarter earnings released: Revenue misses expectations