Norwegian rig operator Subsea 7 has announced that CEO John Evans will retire on June 30 this year after 40 years with the company. He will be succeeded on July 1 by Stuart Fitzgerald, currently CEO of the subsidiary Seaway 7. The board has proposed that Evans be elected as a board member at the annual general meeting on May 12.
Stuart Fitzgerald has served as CEO of Seaway 7 since 2022 and is also proposed to become CEO of Subsea 7 in the merged Saipem 7 entity following the planned merger with Saipem.
Presently, John Evans occupies the position of Chief Executive Officer & Director at Beam Therapeutics, Inc. and Venture Partner at ARCH Venture Partners LLC. Mr. Evans is also on the board of Verve Therapeutics, Inc.
He previously occupied the position of Vice President-Business Development & Operations at Agios Pharmaceuticals, Inc. and Investor Relations Contact at Infinity Pharmaceuticals, Inc.
Mr. Evans received a graduate degree from the University of Pennsylvania, an undergraduate degree from Yale University and an MBA from The Wharton School of the University of Pennsylvania.
Subsea 7 S.A. is a world leader in offshore engineering, construction, and installation services for the oil and gas industry. Net sales break down by activity as follows:
- subsea infrastructure construction and installation services (81.3%): gas pipelines, oil pipelines, umbilicals, etc.;
- offshore installations maintenance and repair services (17.1%);
- other (1.6%).
Net sales are distributed geographically as follows: Norway (23.5%), the United Kingdom (22.3%), Brazil (21.7%), the United States (9.5%), the Netherlands (5.2%), Australia (4.5%), Turkey (3.9%), Germany (2%), Saudi Arabia (1.8%), Angola (1.7%) and other (3.9%).
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