Member News: MacArtney Underwater Technology appoints Mads Nipper as Chair of the Board

December 16, 2025
Member News: MacArtney Underwater Technology appoints Mads Nipper as Chair of the Board

MacArtney Underwater Technology appoints Mads Nipper as Chair of the Board. This succession reflects a continued commitment to strong board leadership and long-term growth.

Mads Nipper will be assuming the role of Chair of the Board at MacArtney Underwater Technology. Mads has a long professional career at several large Danish multinational companies and is currently also Chair at FLSmidth, a publicly traded company. Prior to this, Mads was CEO of Ørsted and CEO of Grundfos, and previously held several senior leadership roles at the LEGO Group.

“I am very much looking forward to assuming the role of Chair of the board for MacArtney Underwater Technology. I am convinced that the company, through its strong competencies, values, and dedicated employees, has the potential for further development and growth in the coming years. I am very much looking forward to cooperating with the leadership team, the board, and the owners, and providing my contribution to ensuring that the impressive development can continue,“ says Mads Nipper

Mads Nipper will formally replace outgoing Chairman of the Board Niels Erik Hedeager following the company’s annual general assembly in January 2026. Starting in 1989, Niels Erik became CEO in 1997. He held this role until 2017, when he assumed the position of Chairman.

“We would like to express our sincere appreciation towards Niels Erik for his 37 years of dedication to MacArtney Underwater Technology. He has played an instrumental role in leading the company – both as CEO and, over the last eight years, as Chairman – to where it is today,” says Glenn and Marco MacArtney.

“After 37 fantastic years at the helm of MacArtney and with a record year in both earnings and turnover, it is a good time for me to step down and proudly pass on the baton,” says Niels Erik Hedeager.

MacArtney Underwater Technology was founded 47 years ago by Winnie and Martin MacArtney, the parents of the current owners. The company is currently present in 14 countries worldwide and employs approximately 500 people.

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