Øivind Tangen new ceo SBM Offshore

Øivind Tangen new ceo SBM Offshore

25-01-2024 SBM Offshore has announced that Bruno Chabas is not seeking a new term as ceo. He will be succeeded by Øivind Tangen.

Bruno Chabas has been ceo since 2012. He has announced that he is not seeking a fourth term as ceo and will resign at the end of his current term, on April 12, 2024.

Øivind Tangen succeeds him. Tangen has been with SBM Offshore since 2003 and was appointed chief operating officer and member of the board of directors in 2022.

Roeland Baan, Chair of the Supervisory Board, stated, "Bruno Chabas' contribution to SBM Offshore has been outstanding. He set out a transformational vision for the Company and then executed this. Under Bruno’s leadership, the Company navigated numerous challenges, and Bruno leaves the organization as a leader in the FPSO market and an established energy transition company with a clear strategy and strong financial position. We all wish Bruno the very best for his future. Øivind Tangen has shown strong leadership and people skills in his current and former roles. His extensive experience in all the areas of our core businesses will enable him to be an effective CEO leading SBM Offshore going forward.”

Effective April 12, 2024, the board of directors will consist of two people, ceo Øivind Tangen and cfo Douglas Wood. Bruno Chabas will remain active as an advisor to the company throughout 2024 to facilitate a smooth transition.