Just over a year and a half after Energi Danmark said goodbye to its then CEO of over 20 years, Jørgen Holm Westergaard, another employee in the top management of the energy trading company is now to be replaced.
In a very brief press release, Andel, which together with NRGi owns Energi Danmark, states that the CFO of Energi Danmark, Jesper Nybo Stenager, has resigned from his position today.
"Out of consideration for the parties to the case, neither Energi Danmark nor Energi Danmark's owners have any further comments at this time," is the only comment Andel gives in the press release.
Jesper Nybo Stenager held the role of CEO during the period of approximately six months between Jørgen Holm Westergaard's dismissal and Louise Hahn's appointment as CEO in August.
Huge bonuses made the company known
Until a little over a year ago, Energi Danmark was not a particularly well-known company in Denmark. It was involved in a case regarding bonuses worth over almost a billion, which three employees had earned in the company, but which were changed.
Energi Danmark fired the three employees in April. The reason, according to the energy group, was that there had been "a serious breach of trust in the form of a number of collective, disloyal acts".
Djøf, who is taking legal action on behalf of the three dismissed employees to have the bonuses paid out, is demanding more than DKK 300 million per person, according to Finans. The case was filed in July.
According to Energi Danmark, the bonuses are invalid because there is a policy in the group that there must be a ceiling on bonus agreements. The bonus agreements were made with Jørgen Holm Westergaard, who has since been dismissed.
Energi Danmark's board of directors believes that the agreements were made under collective pressure from the employees, and that they were also agreements that the former director had made without the board's knowledge.
Whether the resignation of Jesper Nybo Stenager, who has been CFO of Energi Danmark since 2015, has anything to do with the bonus cases is currently uncertain.
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