Aibel Appoints New President, CEO

Mads Andersen will take over as the new Aibel President and CEO from January 1, 2017, following Jan Skogseth’s decision to retire.

Skogseth will hold an advisory role in the company until spring 2017. He held the role of president and CEO since 2008 and will retire at the age of 62, as permitted by his employment contract. Mads Andersen is the current president at the Schlumberger-owned OneSubsea. Andersen is a qualified civil engineer and business economist and was part of the executive management team at Aker Solutions for several years.

"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," said Aibel Chairman of the Board of Directors, Helge Midttun, in a company statement.

"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," added Skogseth.



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