Aibel Names OneSubsea’s President as Its New CEO

President and CEO of Aibel, Jan Skogseth, will retire following his 62nd birthday, the company informed.

According to the company, Mads Andersen (51), current president at the Schlumberger-owned OneSubsea, will take over as the new president and CEO from January 01, 2017. Skogseth will hold an advisory role in the company until spring 2017.

“The Board of Directors would like to take this opportunity to thank Skogseth for his immense efforts. He has done an excellent job for a number of years and leaves the company in a very good position,” says chairman of the board of directors at Aibel, Helge Midttun.

Skogseth has held the role of president and CEO since 2008 and wishes to retire at the age of 62, as permitted by the employment contract, the company said.

“Aibel has been a fantastic company to manage and I am convinced that the company’s strong position will continue to develop, both within existing and new areas,” said Skogseth.

The new president and CEO, Mads Andersen, is a qualified civil engineer and business economist and was part of the executive management team at Aker Solutions for several years.

He said: “The company has a strong position within field development, the maintenance and modification market as well as renewables. This position, as well as opportunities within new areas, provide the company with an excellent basis for further development. I am entering my new role with enthusiasm and a great deal of respect and I want to contribute to a development that is in the best interest of employees, customers and owners. I am looking forward to having the opportunity to work with many talented employees.” 

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