Aker Solutions Introduces New Leadership Team to Bolster Execution, Accelerate Improvements
(Thomson Reuters ONE) -
September 2, 2016 - Aker Solutions is introducing a new executive management
team as part of a broader reorganization aimed at further strengthening
operational and financial performance and better meeting customer needs.
The new organization will have five delivery centers: Customer Management, Front
End, Products, Projects and Services. This set-up will help drive further
standardization and accelerate a companywide improvement program to boost cost-
efficiency by at least 30 percent by the end of 2017. The new team will be
operational from Nov. 1.
"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 Chief
Executive Officer 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."
As part of the plan, Dean Watson has been named chief operating officer. Watson
joins from Schlumberger, where he has held various leadership positions, and
will report to Araujo.
The other executive management team members were selected internally. Valborg
Lundegaard, currently head of Engineering, will lead the customer management
center. Svenn Ivar Fure will continue to lead the company's front end efforts.
Egil Boyum, currently head of the subsea business in Europe and Africa, will
lead the products center. Knut Sandvik will lead the projects center, moving
from being head of Maintenance, Modifications and Operations. David Clark,
currently regional head for Europe and Africa, will lead the services center.
Svein Stoknes will remain as chief financial officer and Mark Riding will
continue as head of strategy.
"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 the third quarter,
fourth quarter and full year of 2016 based on the existing organizational
structure.
ENDS
For further information, please contact:
Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel:
+47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani(at)akersolutions.com
Anne Cecilie Lund-Andersen, Media Relations Manager, Aker Solutions. Tel:
+47 22 94 74 52, Mob: +47 99 62 12 13, E-mail: anne.cecilie.lund-
andersen(at)akersolutions.com
Investors:
David Phillips, Head of Industry & Investor Relations, Aker Solutions. Tel:
+44 208 811 7111, Mob: +44 7788 338 887, E-mail:
david.phillips(at)akersolutions.com
Per Christian Olsen, Analyst, Investor Relations, Aker Solutions. Tel:
+47 67 51 36 58, Mob: +47 900 29 077, E-mail:
per.christian.olsen(at)akersolutions.com
Aker Solutions is a global provider of products, systems and services to the oil
and gas industry. Its engineering, design and technology bring discoveries into
production and maximize recovery. The company employs approximately 13,000
people in about 20 countries. Go to http://akersolutions.com for more
information on our business, people and values.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see http://akersolutions.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aker Solutions ASA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.09.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 492431
Anzahl Zeichen: 4719
contact information:
Town:
Fornebu
Kategorie:
Business News
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