Finance

Equinor picks CEO of energy trader as new head of gas and power division

Published by Global Banking & Finance Review

Posted on June 17, 2025

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· Last updated: January 23, 2026

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Equinor picks CEO of energy trader as new head of gas and power division
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COPENHAGEN (Reuters) -Danske Commodities CEO Helle Ostergaard Kristiansen will step down to become head of the gas and power unit of parent group Equinor, the trading house said on Tuesday. Danske

Equinor Appoints Danske Commodities CEO as New Gas and Power Head

COPENHAGEN (Reuters) -Danske Commodities CEO Helle Ostergaard Kristiansen will step down to become head of the gas and power unit of parent group Equinor, the trading house said on Tuesday.

Danske Commodities' Chief Financial Officer Jakob Sorensen, who joined the company 20 years ago as a power trader, will take over as new CEO as of September 1, it said in a statement.

Kristiansen replaces Helge Haugane who in April was named head of a new Equinor business area formed by the group's power assets.

Danske Commodities, which specialises in power and gas trading, is active in more than 40 countries, including Australia, the United States, Brazil, Japan and all major European markets.

(Reporting by Stine Jacobsen, editing by Terje Solsvik)

Key Takeaways

  • Helle Ostergaard Kristiansen appointed head of Equinor's gas and power unit.
  • Kristiansen steps down as CEO of Danske Commodities.
  • Jakob Sorensen to become new CEO of Danske Commodities.
  • Helge Haugane moves to lead a new Equinor business area.
  • Danske Commodities operates in over 40 countries.

Frequently Asked Questions

Who is the new head of Equinor's gas and power division?
Helle Ostergaard Kristiansen, the CEO of Danske Commodities, will step down to become the head of the gas and power unit of Equinor.
Who will replace Helle Ostergaard Kristiansen as CEO?
Jakob Sorensen, the Chief Financial Officer of Danske Commodities, will take over as the new CEO starting September 1.
What was the previous position of Helle Ostergaard Kristiansen?
Kristiansen was the CEO of Danske Commodities before her appointment as head of Equinor's gas and power division.
What does Danske Commodities specialize in?
Danske Commodities specializes in power and gas trading and operates in more than 40 countries worldwide.
Who did Helle Ostergaard Kristiansen replace?
Kristiansen replaces Helge Haugane, who was named head of a new Equinor business area formed by the group's power assets.

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