Equinor Names New President and CEO

Norwegian offshore energy major Equinor has appointed Anders Opedal as the new president and CEO.

The company’s current president and CEO, Eldar Sætre, will retire after six years as CEO and more than 40 years in the company.

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

Anders Opedal comes from the position as Executive Vice President Technology, Projects, and Drilling.

He will take over the position as president and CEO from 2 November and Eldar Sætre will be available to advise the new CEO until he retires from the company in March 2021.

“I am confident in Equinor and all our people, and in our ability to change and continue creating long-term value for our shareholders also in a low carbon future,” Opedal said.

”We have a great starting point for what will be a massive transition with our strong assets, outstanding competence, technology and innovation skills, and we have highly engaged people and strong values to guide us in this process. Together, we will accelerate the development of Equinor as a broad energy company and our growth within renewables.”