The chief exec of orsted features resigned after an eight-year stint by which he changed the danish energy into the globes greatest overseas wind developer.

Henrik poulsen would leave orsted by january, the business revealed on monday. a search for a replacement has actually started.

Its been an unbelievable ride over the past eight years, and i have a huge amount of love for orsted, its sight and not least its individuals, mr poulsen stated.

Weve changed a danish utility predominantly considering fossil fuels into a global frontrunner in green energy, which was rated once the globes many lasting organization earlier in the day this season.

Mr poulsen joined up with the company, after that dong energy, in 2012. under their leadership, the team listed in 2016, rebranded as orsted and became 1st fossil fuel producer to mainly ditch its conventional company, wagering rising of renewables.

Orsted features benefited from an increasing weather awareness among investors in recent years, with helped push-up its share cost dramatically.

Line chart of share cost (dkr) showing orsted

The companys stock has actually increased more than 70 per cent because the start of a year ago, cleaning off a dip in valuation inflicted by the pandemic and providing it a market capitalisation of approximately $48bn.

Mr poulsen told the financial days in february he wished orsted, that will be responsible for installing a third of all of the offshore wind turbines, to be the worlds firstgreen power supermajor. the team plans to double its wind capability in the next five years to 20gw.

Thomas thune andersen, orsteds chairman, stated the board regretted mr poulsens decision to leave the company but thanked him for the remarkable results hes spearheaded.

Previously an exec at mckinsey and lego, mr poulsens next move will undoubtedly be closely watched in denmark and beyond.

He can be selected for a seat regarding the orsted board next year but said he previously maybe not made any further programs. ill discover various other difficulties where i am able to make a contribution. time will show in which, whenever and which type of role.

Orsted, which hires nearly 7,000 men and women worldwide, had profits around dkr67.8bn ($10.3bn) in 2019.