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An update from Subsea 7 ( (GB:0OGK) ) is now available.
Subsea7 announced that long-serving chief executive John Evans will retire on 30 June 2026 after a 40-year career with the group, having served as COO for 14 years and CEO since 2020. The board intends to propose his election as a director at the May 2026 annual general meeting, ensuring continuity of expertise at board level.
He will be succeeded on 1 July 2026 by Stuart Fitzgerald, currently CEO of Seaway7, who has held senior commercial and strategy roles since joining Subsea7 in 1998 and has led a turnaround at Seaway7. Fitzgerald is also proposed as CEO of the future Saipem7 following the planned merger with Saipem, underscoring the board’s intention to maintain leadership continuity and strategic focus as the group navigates a significant industry consolidation.
The most recent analyst rating on (GB:0OGK) stock is a Buy with a NOK310.00 price target. To see the full list of analyst forecasts on Subsea 7 stock, see the GB:0OGK Stock Forecast page.
More about Subsea 7
Subsea7 is a global leader in delivering offshore projects and services to the evolving energy industry, focusing on efficient offshore solutions for oil, gas and renewables. The company positions itself as a key partner and employer of choice in the sector and is listed on the Oslo Børs under the ticker SUBC.
Average Trading Volume: 386,112
Current Market Cap: NOK78.61B
See more insights into 0OGK stock on TipRanks’ Stock Analysis page.