Equinor appoints new chief financial officer
16 December 2020 - 5:00PM
Equinor (OSE: EQNR, NYSE: EQNR) announces that Ulrica
Fearn is appointed chief financial officer (CFO) and executive vice
president, with effect from 16 June 2021. Fearn will succeed acting
CFO Svein Skeie, who will become senior vice president CFO
Performance Management and Risk with effect from the same
date.
Fearn is currently Director of Group Finance at BT Plc, where
she has helped drive cultural change and strong sustainable
performance since 2017.
“I am pleased to welcome Ulrica to Equinor and our leadership
team. Her deep and extensive experience in leading financial
operations, as well as driving operational, control and shared
services results, will make a strong contribution to the leadership
of Equinor. She also brings renewal and increased diversity to the
Corporate Executive Committee. She is guided by her strong values
and I am confident Ulrica will provide good leadership as we
position Equinor for the future,” says Anders Opedal, president and
CEO of Equinor.
At BT, Fearn with a focus on profit and loss, balance sheet and
cash flow performance, led the development and implementation of a
finance transformation programme. This has involved a new
group-wide information model, control frameworks, and enhanced
reporting.
Prior to BT, Fearn built an international career at Diageo Plc.
Originally joining them in 1998, she took leadership roles of
increasing responsibility covering treasury, internal audit, and
finance business partnering. Her career at Diageo culminated in
general management responsibility for global shared services. Here
she led the expansion of the service offering whilst upgrading
performance to position the operation as a premier global shared
services operation.
“I am thrilled to join Equinor and return to my native
Scandinavia. Equinor has a strong business, a strong position, a
proud history, and an exciting change journey ahead. I look forward
to working with the team to further strengthen the company,” says
Ulrica Fearn.
As CFO, Fearn will lead Equinor’s global finance organisation
and be responsible for treasury and tax, investor relations,
performance management and risk, accounting and financial
compliance, business development and corporate mergers and
acquisitions, corporate strategy and global business services.
Fearn holds a master’s degree in business and finance from the
University of Halmstad.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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