December 10, 2022

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Business is my step

Equinor methods up range generate with to start with feminine finance main

2 min read

OSLO (Reuters) – Norwegian oil big Equinor mentioned on Wednesday it experienced appointed Ulrica Fearn as its chief economical officer, marking the 1st time a girl has held the job and the initial time there has been equal gender illustration on its top staff.

FILE Photograph: Equinor’s flag flutters following to the company’s headqurters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Picture

Fearn, who has been director of team finance at British telecoms business BT given that 2017, is the most recent seek the services of by Equinor’s new Main Government Anders Opedal who took the helm in November.

Her appointment follows the announcement of a administration reshuffle a month in the past that bundled the addition of a few senior woman executives. It implies that, once Fearn starts her career in June, girls will make up 50 % of the company’s 12-member corporate government committee.

“Her deep and comprehensive practical experience in top economic functions, as very well as driving operational, manage and shared companies outcomes, will make a strong contribution to the leadership of Equinor,” CEO Opedal claimed.

The appointment brings renewal and enhanced diversity to Equinor’s top rated administration, he included.

“We observe that Fearn is Equinor’s 1st woman CFO at any time and will for that reason boost the gender harmony in the company’s leading management,” Teodor Sveen-Nilsen at Sparebank 1 Markets reported in notice.

She is also Equinor’s initial CFO employed externally.

A native of Sweden, Fearn replaces performing CFO Svein Skeie, who will develop into senior vice president CFO overall performance management and possibility.

Just before BT, Fearn labored for just about 20 decades at beverages team Diageo Plc, keeping both of those finance and normal administration positions, Equinor claimed.

Equinor’s past permanent CFO, Lars Christian Bacher, announced his resignation in late October.

Reporting by Terje Solsvik and Nerijus Adomaitis Enhancing by Shri Navaratnam, Aditya Soni and Pravin Char

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