Equinor Begins Search for New CEO

by Terje Solsvik and Nerijus Adomaitis
Friday, November 8, 2019

Norwegian oil producer Equinor has started a search for a new chief executive, the Stavanger Aftenblad newspaper reported on Friday, citing unnamed sources.

CEO Eldar Saetre, 63, who led the company through the oil market's downturn in 2014-2016, has not set a date for his departure, but could step down in 2020, the newspaper reported.

"There is no date set for when he will retire beyond what was said in our annual report, which is that he would retire when he reaches the age of 67," Equinor spokesman Baard Glad Pedersen told Reuters.

Pedersen said the board, as a normal part of its work, had an ongoing discussion with the chief executive about his plans, but declined to say whether Saetre had notified the board of any wish to retire.

"We don't want to comment specifically on the ongoing dialogue," he said.

Saetre himself, when asked by Reuters on Oct. 24 about his future plans, said he was satisfied in the job.

"I'm going to stay here and the future will decide, I'm very happy in the job," Saetre said.

(Reporting by Terje Solsvik and Nerijus Adomaitis; editing by Gwladys Fouche)

Categories: People Offshore Energy Industry News

Related Stories

First Steel Cut for Cambodia Apsara Platform

US Gulf: Infrastructure-led Exploration

Offshore Wind Finance Blows into Oil and Gas

Two Injured from Heimdal Platform Blast

Helicopter Missing in the US Gulf

PSA Probes Statfjord Leak

SubSLAM Live: Live 3D Subsea Streaming Tech Debuts

Subsea 7 Wins Julimar-Brunello Contract

Comment: In Romania, the Sun Also Rises

Wintershall Dea Drills Deep in Norway

Current News

Petrobras Formally Approves AFGlobal ACD

Comment: In Romania, the Sun Also Rises

2G Robotics Unveils Micro Inspection Skid

SBM Optimizes FPSO N’Goma Project Loan

Providence Resources CEO Steps Down

First Steel Cut for Cambodia Apsara Platform

Saudi Aramco IPO Proceeds Rise to $29.4 Bln

Tullow Production Falls, CEO Resigns

Neodrill, InterMoor Partner

Subsea UK: New Board for 2020


Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization


Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week