SBM Offshore announces CEO departure and succession
January 24 2024 - 12:00PM
SBM Offshore announces CEO departure and succession
Highlights
- Bruno Chabas decides not to seek a 4th mandate as CEO of SBM
Offshore
- Øivind Tangen to be appointed as successor at the end of the
AGM, 12th April 2024
SBM Offshore announces that, after 12 years as Chief Executive
Officer (CEO) and Chair of the Management Board, Bruno Chabas has
decided not to seek a 4th mandate at the end of his current term on
12th April 2024. The Supervisory Board has decided to appoint
Øivind Tangen, currently Chief Operating Officer (COO) and member
of the Management Board, as CEO and Chair of the Management Board
as from the same date following the Company’s Annual General
Meeting.
The Management Board will continue after 12th
April 2024 as a two-person board consisting of the CEO, Øivind
Tangen, and Chief Financial Officer, Douglas Wood. Bruno Chabas
will act as advisor to the Company to facilitate a smooth
transition during the course of 2024.
Bruno Chabas said, "It has been a huge privilege
to serve the Company as CEO for the last 12 years, where I had the
honor to lead a team of dedicated people who supported me in
transforming and turning this organization around. Today, the Group
has a well-established vision, purpose, and structure with a
leading market position and strong growth prospects in the
industry. I am especially proud that SBM Offshore has a leadership
team which makes an internal succession possible; I am extremely
pleased to hand over my responsibilities to Øivind, who, I am sure,
will successfully guide the Company to achieve its ambitious energy
transition targets.”
Øivind Tangen joined SBM Offshore 21 years ago.
He has been COO and a member of the Management Board since
2022. Prior to that, as a member of the Executive Committee,
he was responsible for SBM Offshore’s FPSO fleet.
Øivind Tangen said, "It is a great honor to have
been selected as the successor to Bruno in the role of CEO and
Chair of the Management Board of SBM Offshore. Bruno is handing
over a company that is in a very strong position, and it is with
great enthusiasm I commit to working with the whole SBM team to
continue to successfully deliver the Company’s strategy for the
years to come.”
The Supervisory Board sees Øivind Tangen as an
excellent successor with the right capabilities and experience to
ensure the successful continuation of SBM Offshore’s
businesses.
Roeland Baan, Chair of the Supervisory Board,
stated, "Bruno’s contribution to SBM Offshore has been
outstanding. He set out a transformational vision for the
Company and then executed this. Under Bruno’s leadership, the
Company navigated numerous challenges, and Bruno leaves the
organization as a leader in the FPSO market and an established
energy transition company with a clear strategy and strong
financial position. We all wish Bruno the very best for his future.
Øivind has shown strong leadership and people skills in his current
and former roles. His extensive experience in all the areas of our
core businesses will enable him to be an effective CEO leading SBM
Offshore going forward.”
Corporate Profile
SBM Offshore designs, builds, installs, and
operates offshore floating facilities for the offshore energy
industry. As a leading technology provider, we put our marine
expertise at the service of a responsible energy transition by
reducing emissions from fossil fuel production, while developing
cleaner solutions for renewable energy sources.
More than 7,000 SBMers worldwide are committed
to sharing their experience to deliver safe, sustainable, and
affordable energy from the oceans for generations to come.
For further information, please visit our
website at www.sbmoffshore.com.
Financial Calendar |
|
Date |
Year |
Full Year 2023 Earnings |
|
February 29 |
2024 |
Annual General Meeting |
|
April
12 |
2024 |
First Quarter 2024 Trading Update |
|
May
8 |
2024 |
Half Year 2024 Earnings |
|
August
8 |
2024 |
Third Quarter 2024 Trading Update |
|
November 14 |
2024 |
For further information, please contact:
Investor RelationsWouter Holties
Corporate Finance & Investor Relations Manager
Mobile: |
+31 (0) 6 23 34 37 64 |
E-mail: |
wouter.holties@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media RelationsEvelyn Tachau-BrownGroup
Communications & Change Director
Mobile: |
+377 (0) 6 40 62 30 34 |
E-mail: |
evelyn.tachau-brown@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Market Abuse Regulation
This press release may contain inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
Disclaimer
Some of the statements contained in this release
that are not historical facts are statements of future expectations
and other forward-looking statements based on management’s current
views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance, or
events to differ materially from those in such statements. These
statements may be identified by words such as ‘expect’, ‘should’,
‘could’, ‘shall’ and similar expressions. Such forward-looking
statements are subject to various risks and uncertainties. The
principal risks which could affect the future operations of SBM
Offshore N.V. are described in the ‘Risk Management’ section of the
2022 Annual Report.
Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results and performance of the Company’s business
may vary materially and adversely from the forward-looking
statements described in this release. SBM Offshore does not intend
and does not assume any obligation to update any industry
information or forward-looking statements set forth in this release
to reflect new information, subsequent events or otherwise.
Nothing in this release shall be deemed an offer
to sell, or a solicitation of an offer to buy, any securities. The
companies in which SBM Offshore N.V. directly and indirectly owns
investments are separate legal entities. In this release “SBM
Offshore” and “SBM” are sometimes used for convenience where
references are made to SBM Offshore N.V. and its subsidiaries in
general. These expressions are also used where no useful purpose is
served by identifying the particular company or companies.
"SBM Offshore®", the SBM logomark, “Fast4Ward®”,
“emissionZERO®” and “Float4Wind®” are proprietary marks owned by
SBM Offshore.
- SBM Offshore announces CEO departure and succession
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