Scores by kind of claim
Each kind of claim is scored on its own, out of 100: the share that held up, with the range it likely falls in. Fewer resolved claims give a wider range.
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Factual claims
Statements about the present or the past, checked against the record: did they hold up?
84 73 93 -
Predictions
Statements about events outside the person's control, checked once they fell due: did they come true?
46 27 65 -
Promises
Commitments to the person's or organisation's own future action, with something to deliver: was it delivered?
60 40 79
All types combined: 70 (likely 61 to 78, medium confidence), from 29 claims: 16 factual claims, 7 predictions, 6 promises. It mixes kinds of claim in different proportions for different people, so compare people kind by kind.
Ørsted's claims
“Mads has led a highly successful transformation of Grundfos over the past six years that has reinforced the company’s position in an increasingly competitive market, while also strengthening financial performance.”
Thomas Thune Andersen, Chairman of Ørsted 9 September 2020 Ørsted appoints Mads Nipper the next CEO of Ørsted (Ørsted)
Mads Nipper led a transformation of Grundfos over the past six years that reinforced the company's position in an increasingly competitive market and strengthened its financial performance.
Mostly true True in substance, wrong in a detail.
The second judge would not resolve this claim; the verdict shown is the first judge's.
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
There are two checkable parts. (1) Nipper was Grundfos CEO for about six years before September 2020; he started around 2014. (2) Grundfos's financial performance (revenue and/or operating profit or margin) improved over his tenure, and its market position held or strengthened. The 'highly successful transformation' wording is evaluative and is not graded. True if both parts hold. Mostly true if the tenure is off by about a year, or financials improved on most but not all key metrics. Mixed if he led the company for that period but the financial results were flat or mixed. Mostly false if financial performance clearly deteriorated over the tenure. False if he did not lead Grundfos in that period.
Evidence
- Grundfos appoints new CEO and Group President Grundfos · 31 March 2014 Own record
“Mads Nipper becomes new CEO and Group President of Grundfos. He comes from a position as Executive Vice President of LEGO. He will be joining the company August 1st 2014.”
- Grundfos strengthens its market position, but profitability must be improved Grundfos · 6 March 2015 Own record
“The result before tax amounted to DKK 881 mill. - compared to DKK 1,475 mill. in 2013. In particular lower margins due to intensified competition, unfavourable currencies developments and an unfavourable geographical sales mix affected the profitability negatively.”
- Record results in Grundfos strengthen foundation for the future Grundfos · 9 March 2020 Own record
“In 2019, net turnover in Grundfos increased by 3% to DKK 27.5bn, which is the highest level in Grundfos’ 75-year history. This corresponds to 2.2% organic growth in local currencies compared to 2018. Earnings before interest and tax (EBIT) grew by 16% to DKK 2.8bn, or 10.1% of turnover.”
- Mads Nipper resigns as CEO of Grundfos on 31-12-2020 to become CEO of Ørsted Grundfos · 9 September 2020 Own record
“Grundfos has delivered outstanding results since Mads joined us in 2014.”
Reasoning
Grundfos announced Nipper would join as CEO on 1 August 2014, and his departure was announced in September 2020, a tenure of about six years (E1, E4). Grundfos's 2014 pre-tax result was DKK 881m, down from 2013 (E2). By 2019 it reported record turnover of DKK 27.5bn and EBIT of DKK 2.8bn, a 10.1% margin (E3), which points to better financial performance. All of these sources are Grundfos's own statements, though E2 and E3 are specific reported results. There is no direct evidence on market position after 2014, so the verdict is mostly true rather than true.
Cite this claim
Ørsted, “Mads Nipper led a transformation of Grundfos over the past six years that reinforced the company's position in an increasingly competitive market and strengthened its financial performance.” (said 9 September 2020). Verdict: mostly true. Reliability API, claim c_77dd473f9b49, method 0.1.0+7831dd9d. https://epistacklabs.com/claims/c_77dd473f9b49
Claims without a verdict
Is a verdict here wrong, or do you speak for Ørsted? Reply on the claim's own page, with the form at its foot (how replies work). Verdicts are made automatically; how verdicts and scores are made.