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Home>DONG Energy Plans to Change Company Name to Ørsted

DONG Energy Plans to Change Company Name to Ørsted

DONG Energy Plans to Change Company Name to Ørsted

10/02/2017

DONG Energy Plans to Change Company Name to Ørsted

New company name reflects a profound strategic transformation from fossil fuels to renewable energy

DONG Energy today announced that the company will change its name from DONG Energy to Ørsted. The decision follows the global energy company’s profound strategic transformation from black to green energy and the recent divestment of its upstream oil and gas production. The company will also phase out all use of coal by 2023.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171002005666/en/

Noting that the DONG Energy name no longer accurately reflects the activities and ambitions of the company, company leaders called for an Extraordinary General Meeting to ask the shareholders of the company to approve a change of the company name to Ørsted.

The announcement was made at an early morning town hall in Denmark. The new name and branding is available at Orsted.com.

Thomas Thune Andersen, Chairman of the Board of Directors, says:

“DONG was originally short for Danish Oil and Natural Gas. With the divestment of our oil and gas production and the fact that we have decided to stop using coal, this is no longer who we are. With our profound transformation to green energy, it is the right time to change our name to reflect who we are becoming.”

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