Norway's Equinor appoints new CEO as it forays into clean energy
September 27, 2020
Business

Norway’s Equinor appoints new CEO as it forays into clean energy sector

OSLO (NORWAY) – In a bid to expedite its journey into renewable energy, Equinor has appointed Anders Opedal as its CEO and it will be in effect from November 2, said the Norwegian oil and gas firm on Monday.

Opedal, who was executive vice president for technology, projects and drilling, will replace Eldar Saetre, who is retiring after four decades of service at Norway’s biggest firm.

“Equinor is entering a phase of significant change as the world needs to take more forceful action to combat climate change,” company chairman Jon Erik Reinhardsen said.

“The board’s mandate is for Anders to accelerate our development as a broad energy company and to increase value creation for our shareholders through the energy transition,” he added.

It was Saetre who changed the name of the company from Statoil to Equinor in 2018 and pledged to enhance investment in renewable energy.

“We have a great starting point for what will be a massive transition with our strong assets, outstanding competence, technology and innovation skills,” Opedal said.

“We will accelerate the development of Equinor as a broad energy company and our growth within renewables,” he added.

(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field

Follow Me:

Related Posts