Ørsted Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Rasmus Errboe

Chief executive officer

DKK 10.9m

Total compensation

CEO salary percentage	76.5%
CEO tenure	1.4yrs
CEO ownership	n/a
Management average tenure	2.7yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rasmus Errboe's remuneration changed compared to Ørsted's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2024	DKK 11m	DKK 8m	-DKK 923m
Sep 30 2024	n/a	n/a	DKK 5b
Jun 30 2024	n/a	n/a	-DKK 23b
Mar 31 2024	n/a	n/a	-DKK 21b
Dec 31 2023	DKK 960k	DKK 829k	-DKK 21b

Compensation vs Market: Rasmus's total compensation ($USD1.67M) is below average for companies of similar size in the US market ($USD14.24M).

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

CEO

Rasmus Errboe (45 yo)

1.4yrs

Tenure

DKK 10,904,000

Compensation

Mr. Rasmus Errboe is CEO & Group President of Ørsted A/S from February 1, 2025 and has been its Chief Commercial Officer since April 1, 2024. Mr. Errboe was Deputy CEO of Ørsted A/S from April 1, 2024 to F...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rasmus Errboe	CEO, Chief Commercial Officer & Group President	1.4yrs	DKK 10.90m	no data
Trond Westlie	Executive VP	1yr	DKK 12.60m	no data
Henriette Ellekrog	Executive VP	5.5yrs	DKK 8.31m	0.0019% $ 336.9k
Daniel Lerup	Member of Executive Board	3yrs	DKK 7.78m	no data
Patrick Harnett	Executive VP	1yr	no data	no data
Rasmus Haervig	Head of Investor Relations	3yrs	no data	no data
Anders Hansen	Senior VP & Head of Legal	2.4yrs	no data	no data
Martin Barlebo	Head of Communications	10.1yrs	no data	no data
Neil O'Donovan	Executive VP and Head of Strategy	3.7yrs	no data	no data
Ingrid Reumert	Senior VP & Head of Global Stakeholder Relations	2.9yrs	no data	no data
David Hardy	Executive VP & CEO of Region Americas	2.4yrs	no data	no data
Per Kristensen	Senior VP & President of Region APAC	2.4yrs	no data	no data

2.7yrs

Average Tenure

52yo

Average Age

Experienced Management: DNNG.Y's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lene Skole-Sorensen	Independent Chair of the Board of Directors	10.1yrs	DKK 1.28m	0.00082% $ 143.9k
Mogens Vinther	Board Observer	no data	DKK 75.00k	no data
Andrew Richard Brown	Deputy Chairman	2.1yrs	DKK 9.92m	no data
Annica Bresky	Independent Director	2.1yrs	DKK 500.00k	no data
Benny Gøbel	Employee Representative Director	14.3yrs	DKK 400.00k	no data
Judith Hartmann	Director	no data	no data	no data
Julia King	Independent Director	4.1yrs	DKK 500.00k	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	3yrs	DKK 400.00k	no data
Francisca Mandiola	Employee Representative Director	less than a year	DKK 200.00k	no data
Ian McCalder	Employee Representative Director	1.3yrs	DKK 333.00k	no data

2.1yrs

Average Tenure

56yo

Average Age

Experienced Board: DNNG.Y's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/22 07:32
End of Day Share Price	2025/04/22 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ørsted A/S is covered by 42 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Pierre-Yves Gauthier	AlphaValue
Jesús Gómez Dominguez	Banco Santander

Ørsted Management

Management criteria checks 2/4

Key information

Recent management updates

Ørsted A/S Announces Dieter Wemmer and Peter Korsholm Not Seeking Re-Election to the Board of Directors

Ørsted A/S Announces Executive Changes, Effective 1 February 2025

Ørsted A/S, Annual General Meeting, Apr 03, 2025

Ørsted A/S Announces Board Changes

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

Ørsted A/S Announces CFO Changes

Recent updates

Ørsted A/S Announces Dieter Wemmer and Peter Korsholm Not Seeking Re-Election to the Board of Directors

Ørsted A/S Announces Executive Changes, Effective 1 February 2025

Energy Capital Partners, LLC agreed to acquire 50% stake in Eleven Mile Solar Center, Llc,Mockingbird Solar Center, LLC and Sparta Solar, LLC from Ørsted A/S (CPSE:ORSTED) in a transaction valued at $570 million.

Ørsted A/S, Annual General Meeting, Apr 03, 2025

Ørsted A/S to Report Fiscal Year 2024 Final Results on Feb 06, 2025

Equinor ASA (OB:EQNR) acquired 9.80% stake in Ørsted A/S (CPSE:ORSTED).

Equinor ASA (OB:EQNR) acquired 9.80% stake in Ørsted A/S (CPSE:ORSTED).

Ørsted A/S Announces Board Changes

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

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

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

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

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.

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.

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).

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).

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

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.

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

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.

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

Ørsted and Yara Seek to Develop Green Ammonia Project in the Netherlands

Total Gas & Power Limited signed an agreement to acquire B2B-portfolio of natural gas and power customers in the UK from Ørsted A/S (CPSE:ORSTED).

Ørsted Announces Executive Changes

SEAS-NVE A.m.b.A. completed the acquisition of Danish power distribution, residential customer and City Light businesses of Ørsted A/S (CPSE:ORSTED).

Ørsted A/S (CPSE:ORSTED) agreed to acquire 227MWac Muscle Shoals solar project.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources