Torgrim Reitan has been named CFO and executive vice president of Equinor. His appointment will be effective October 6, 2022. He succeeds Ulrica Fearn who is leaving the company.
Torgrim Reitan, an experienced CFO
Torgrim Reitan knows Equinor very well.
He joined the company in 1995. He held various positions in the natural gas industry before becoming Senior Vice President of Performance Management, Tax and Mergers & Acquisitions between 2005 and 2007. From 2007 to 2009, Torgrim Reitan was Senior Vice President of Performance Management and Analysis.
Between 2015 and 2018, he served as executive vice president of development and production in the United States. Then, from 2018 to 2020, Torgrim Reitan is executive vice president of international development and production. Prior to his appointment, he was senior vice president of finance and control in Equinor’s renewable energy business.
Anders Opedal, CEO of Equinor, welcomes the appointment:
“I am very pleased to welcome Torgrim back to the Group Executive Committee. Torgrim has a very strong background to take on the complex challenge of CFO of Equinor as we pursue our ambition to be a leading company in the energy transition. In the current energy crisis, Torgrim’s presence on my executive team is a definite asset, given his experience as CFO, our upstream business, natural gas trading and operations, and finally the accelerating growth of our renewable energy business.”
For his part, the future CFO says he is ready to take on this new position. Thus, it intends to do everything possible to manage the energy crisis and contribute to the dynamics of society. In fact, Equinor is targeting Net Zero by 2050.
