SANDNES, Norway — Vår Energi has announced adjustments to its executive management team.
The company’s recent acquisition of Neptune Energy Norge will accelerate its position as a leading E&P independent in Norway. Thus, the board has decided to make adjustments to the management group and bring on more resources.
Nick Walker will be joining Vår as CEO and current CEO Torger Rød will transfer to the new role of COO.
Walker most recently held the position as CEO of the European E&P independent Lundin Energy until mid-2022 when it was acquired by Aker BP, and he has previously worked with bp, Talisman Energy, Africa Oil and Vedanta – Cairn Oil & Gas. He has 30 years of international experience in technical, commercial and executive leadership roles. He will spear-head the company's strategy, market engagement and stakeholder management. He will take up the CEO position with effect from Sept. 5
Thorhild Widvey, chair of the board, said, "Torger Rød has led the company through a transformative phase and has achieved strong operational and financial results, including a very successful IPO, the mentioned Neptune acquisition, strengthening of the organization, while also delivering on strategic ambitions. He will now deploy his deep operational competencies and understanding of the organization in the role as COO to continue driving improvement, integration and transformation of the company."
08.25.2023
