Overview

• Orsted's CFO Daniel Lerup and COO Richard Hunter have stepped down following the company's significant financial losses.
• The company recently scrapped two U.S. offshore wind projects, leading to $5.6 billion in related impairments.
• Orsted has also withdrawn from a consortium bidding for offshore wind projects in Norway.
• Interim replacements for the CFO and COO positions have been appointed as the search for permanent successors begins.
• Despite these changes, Orsted's financial guidance and expected level of investment for 2023 remain unchanged.