Martin Neubert worked as an executive at Ørsted as a chief commercial officer and deputy group CEO for five years and with Ørsted predecessor Danish Oil and Natural Gas (Dong) Energy for ten years before that.
He held senior positions at the company as it chose to move away from fossil fuels and embrace renewable energy development instead from 2008 onwards.
The company fully divested from oil and and gas in 2017, changing its name to Ørsted – after the influential Danish physicist Hans Cristian Ørsted – at the same time.
Neubert left Ørsted in October last year as the company restructured commercial operations, creating three regional groupings in Europe, the Americas, and Asia-Pacific.
He will take on a new role as a partner and group chief investment officer at CIP later this year.
“I have thought long and hard about my next career move and explored a number of different opportunities for CEO and other executive roles within the energy transition sector across North-West Europe. After careful consideration I have chosen to join CIP as the next right step for me,” Neubert said in a statement.
CIP was founded in 2012 by a breakaway group of executives from Dong Energy amid the company’s transition to renewables.
The founders created CIP to fund and develop wind energy projects worldwide.
CIP has since raised over €19 billion in funding for wind power projects and has targeted having €100 billion under its management for the rollout of wind energy by 2030 as the global transition to renewables ramps up.
Neubert said his new role at the company would span “the entire investment portfolio of CIP and entails important operational, strategic and leadership challenges and responsibilities to ensure the further scaling of the business”.