Denmark’s Stiesdal A/S – the parent of four next-generation technology companies developing the new-look floating wind platform, a low-cost thermal energy storage concept, an innovative model of hydrogen electrolyser, and a carbon-negative aviation fuel – has rejigged its top management team.

Under the role “redistribution”, current COO Jacob Nørgaard Andersen becomes CEO, company founder Henrik Stiesdal moves from CEO to CTO, and chief commercial officer Peder Riis Nickelsen retains the title along with chief executiveship of the company subsidiaries.

“In addition to aligning the formal roles of the company management team with already existing day-to-day leadership responsibilities, the role change will allow company founder Henrik Stiesdal to focus more on his favorite topics, the technologies of Stiesdal [A/S]’s climate change mitigation efforts.”

“It has long been my personal wish to return from an overall management role to the technical management role that I had in Bonus Energy, later Siemens Wind Power, from 1988 to 2014,” said Stiesdal, in a LinkedIn post.

“The changes in roles are in line with what has gradually turned out to be the actual distribution of responsibilities in the leadership team since Andersen joined Stiesdal as COO in June 2021.”

Last year, Stiesdal A/S received a “triple-digit million investment” from PensionDanmark described as “the necessary funds to execute our ambitious growth plans over the coming years”.