Aker Solutions is introducing a new executive management team as part of a broader reorganization and a goal to boost cost efficiency by 30%.
The new organization will have five delivery centers: customer management, front end, products, projects and services.
As part of the changes, Dean Watson has been named chief operating officer. Watson joins from Schlumberger, where he has held various leadership positions, and will report to Araujo.
A string of other executive roles are also being changed, with a 1 November effective date.
The firm says the move will help drive further standardization and accelerate a companywide improvement program to boost cost-efficiency by at least 30% by the end of 2017.
"We are taking this step to generate even greater synergies across the group and enhance our ability to create value for customers and shareholders," said CEO Luis Araujo. "The move will speed up our global improvement efforts by putting in place even leaner workflows, eliminating duplication and cultivating our strengths as a leading offshore oil-services provider."
The other executive management team members were selected internally:
"The new set-up will facilitate a strategy to grow our services organization and pursue a more international business with a diverse customer base," said Araujo. "It will build on the consistently strong execution we're showing on major projects globally."
Current head of subsea Alan Brunnen and head of operational improvement and risk management Tore Sjursen will remain at Aker Solutions through to the end of the year to maintain the good momentum and help in the transition to a new structure.
"I wish to thank both Tore and Alan for their strong dedication and valuable contribution over many years in the development of Aker Solutions," said Araujo. "I wish them every success."
The company will continue to report financial figures for Q3, Q4 and and the full year based on the existing organizational structure.
Subscribe
