Smedvig's CEO Resigns

The Chief Executive Officer of Smedvig asa, Christian Bull Eriksson, announced his resignation. In consultation with the Board, it has been agreed that Mr. Bull Eriksson may leave the company immediately.

The Board has appointed, for an indefinite period, the Managing Director of Smedvig’s subsidiary Smedvig Offshore, Mr. Kjell E. Jacobsen, as acting CEO. Mr. Jacobsen has considerable experience from the offshore business and has managed Smedvig’s activities on the Norwegian Continental Shelf during the last six years.

Christian Bull Eriksson is leaving a financially strong company, which delivered the best quarterly results ever posted by the company earlier this autumn. The Board will immediately initiate the recruitment search for a new CEO.