Subsea 7 Names New CFO

Tuesday, September 14, 2021

Offshore installation services provider Subsea 7 said Tuesday that its Chief Executive Office Ricardo Rosa would retire from his position at the end of December 2021. He will be succeeded from January 1, 2022, by Mark Foley.

Foley joins Subsea 7 from Petrofac where he held the position of Group Financial Controller and SVP Finance for the Engineering & Construction business unit. 

Before this, from 2012 to 2017, he was Group Controller at Subsea 7, and held previous roles at Baker Hughes, Royal Dutch Shell and National Power.

John Evans, CEO of Subsea 7 said: “I would like to thank Ricardo for his invaluable contribution to the Company over the past nine years. We wish him well in his retirement and look forward to welcoming Mark back to the company.”

Categories: People & Company News People Subsea Europe

Related Stories

GEG Wraps Up Subsea7 Fabrication Scope for Aker BP’s Valhall PWP - Fenris Field

Nexans Secures First Call-Off Under TenneT’s Offshore Wind Grid Deal

Gondan Cuts First Steel for New USV for Major Industry Alliance

Current News

First Gas Export to Denmark from Tyra II Expected Today

Vattenfall to Take Part in IJmuiden Ver Offshore Wind Tender in Netherlands

Beach Energy to Let Go 30% of Workforce Amid Strategic Review

Ocean Infinity Inks Deal with Shell for Subsea Data Capture Services

Subscribe for OE Digital E‑News