Write to Dominic Chopping at dominic.chopping@wsj.comBy Dominic ChoppingOrsted's chief financial officer and chief operating officer are leaving the company as it reshuffles its management to contend with increasingly challenging conditions buffeting the wind industry. On Monday it pulled out of a consortium that was formed to bid on offshore Norwegian wind projects as it prioritizes investments elsewhere. "Orsted, along with the rest of the industry, is experiencing a challenging and volatile business environment," Orsted chief executive Mads Nipper said in a statement Tuesday. Chief Financial Officer Daniel Lerup and Chief Operating Officer Richard Hunter are stepping down with immediate effect and the company has started the process of identifying their replacements. Andrew Brown, who serves as a member of Orsted's board of directors, has been appointed interim COO.

Source: Wall Street Journal November 14, 2023 07:32 UTC