Geoquip Marine has appointed Rune Olav Pedersen CEO, effective Jan. 1, 2025.
He has spent the last 14 years at PGS. As CEO, he led its successful turnaround and merger with TGS.
He previously was a partner in Arntzen de Besche’s Oil and Energy practice and currently serves as a non-executive director on the boards of Norwegian oil producer OKEA and Brazilian oil and gas producer Seacrest Petroleo Ltd.
Pedersen will be based at Geoquip’s headquarters in Switzerland, and takes over from outgoing CEO Richard Turner, who has accepted a role closer to his family in the UK. Turner was first appointed CEO in 2022, and he will continue to support the company as a senior adviser in the lead-up to Rune’s arrival in January.
Geoquip is currently generating annual revenues of $125 million. Geoquip’s investments will include new geotechnical equipment, vessels, onshore laboratories and talent. The company is also expanding its sector exposure to new opportunities in oil and gas, subsea cabling, CCS and scientific research. Geoquip says its revenue is expected to more than double over the next five years.
