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Fortune

Prarthana Prakash

Danish wind giant Orsted replaces its CEO with shares down 83% and Trump pressures looming

Orsted Donald Trump Mads Nipper United States Renewable Energy Oil

Mads Nipper (Credit: Hollie Adams—Bloomberg/Getty Images)

Mads Nipper, the CEO of Danish renewable energy company Orsted, is stepping down as pressure mounts following weak financial results and the return of President Donald Trump to office.

He’ll be replaced by Rasmus Errboe after four troubled years in the role.

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