Carsten Krogsgaard Thomsen will step down as chief financial officer after 11 years with DONG Energy A/S, the European company announced on Oct. 3.
His successor will be Marianne Wiinholt, who comes from the position of senior vice president of DONG Energy's customers and markets division.
Marianne Wiinholt will thus replace Carsten Krogsgaard Thomsen on DONG Energy’s executive board.
“I would like to thank Carsten for the huge contribution he has made to the company over many years. He has been a valuable and loyal part of DONG Energy’s management through all of those years. I wish him all the best with new challenges,” Henrik Poulsen, DONG Energy CEO, said in the release.
“Marianne Wiinholt is the ideal candidate for the job and I am delighted that we have a fully competent successor within DONG Energy who is ready to take over,” Poulsen said.
Goldman Sachs Investment
New York’s Goldman Sachs (NYSE: GS) has agreed to put up a US $1.46 billion stake in Danish state-run DONG Energy, the company announced on Oct. 2.
DONG is a hybrid energy company engaged in North Sea exploration and production and power stations and pipelines.
The investment by Goldman and other companies gives DONG a needed capital infusion, which the company needed after showing signs of weakness in the first half of 2013. In February, the company said its profits were impaired by losses of US $350 million (1.9 billion krone) related to gas operations in the Netherlands and Denmark.
DONG is also receiving investments from Danish pension funds Arbejdsmarkedets Tillægspension (ATP) and PFA Pension Forsikringsaktieselskab (PFA) for a total of US $2 billion (11 billion krone.)
As part of the deal, Goldman Sachs and ATP will be represented on the board of directors. DONG will also seek to initiate an initial public offering (IPO), which it previously attempted, when conditions are right, the company said.
If an IPO is not completed following the release of the company’s 2017 financial statements, Goldman and the pension funds can sell their shares back to the Danish State on pre-agreed terms.
Read more about the investment at A-DCenter.com.
DONG Energy A/S is a state-run energy company based in Fredericia, Denmark.