Nomination & Remuneration Committee

The Board of Directors has established a Nomination & Remuneration Committee, consisting of members appointed among and by the members of the Board of Directors. Lene Skole (Chair), Andrew Brown, and Julia King are the members of this committee.

The committee assists the Board of Directors in matters regarding the composition, remuneration, and performance of the Board of Directors and the Group Executive Team.

In 2024, the committee reviewed the executive management structure and discussed the appointments of Rasmus Errboe as Deputy CEO and Chief Commercial Officer (CCO), Trond Westlie as new Chief Financial Officer (CFO), and Patrick Harnett as new member of the Group Executive Team and Chief Operating Officer (COO). The committee also reviewed the structure and KPIs used in the variable pay for Executive Board members as well as an update of the peer group used in the long-term incentive scheme.

Four meetings have been held in the committee in 2024.

You can download the terms of reference of the Nomination & Remuneration Committee via the link above.
An Ørsted office surrounded by blue sky and waving Ørsted flags.

Group Executive Team

Members of Ørsted's Group Executive Team