Business school teaching case study: How can Ørsted overcome its US challenges?

Ørsted has replaced its chief executive, as the world’s largest offshore wind developer seeks to boost its share price and deal with the impact of the Trump administration’s energy policies on its US expansion plans.

A month in to his sudden appointment to the top job, Rasmus Errboe faces a significant challenge to turn around the Danish group’s fortunes. Errboe, at the company since 2012, replaced Mads Nipper on February 1, after the company unveiled $1.7bn in writedowns on its US business, blaming high interest rates, supply chain difficulties and “market uncertainties”.