Danish green energy giantrsted CEO Henrik Poulsen has resigned after an eight-year tenure. rsted is now the worlds biggest offshore wind developer. It recently installed its 1,500th offshore wind turbine, in announced on June 11.

Poulsen will leave rsted by January, the company announced yesterday. The company is now searching for a replacement. He was previously an executive at McKinsey and Lego.

Poulsen said [via the Financial Times]:

Its been an incredible ride over the past eight years, and I have a tremendous amount of affection for Orsted, its vision, and not least its people.

Weve transformed a Danish utility predominantly based on fossil fuels into a global leader in green energy, which was ranked as the worlds most sustainable company earlier this year.

rsted plans to double its wind capacity in the next five years to 20GW. It employs almost 7,000 people worldwide, and had revenues of around $10.3 billion in 2019.

The Financial Times reports:

The companys stock has risen more than 70% since the beginning of last year, brushing off a dip in valuation inflicted by the pandemic and giving it a market capitalization of roughly $48 billion.

The Danish green energy company is growing its onshore wind business, too.

As Electrek previously reported on April 8, in 2013, rsted announced it would stop developing onshore wind to concentrate on offshore wind, but in 2018, it returned to onshore wind development with the acquisition of Lincoln Clean Energy. It completed its largest onshore wind farm, in Texas, in April.

rsteds onshore operational installed capacity has increased to 1.3GW. The company intends to reach 5GW installed onshore capacity by 2025.

It aims to reach 99% green energy production overall by 2025.

Poulsen transformed what was a fossil-fuel company known as Danish Oil & Natural Gas into Orsted, which is now known as the most sustainable company in the world.

He also proved that green energy can be profitable. Lets hope he keeps his hand in the game, as he has achieved remarkable things for the green energy sector and the environment at large.

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CEO of worlds largest offshore wind developer resigns - Electrek