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Thursday, August 6, 2020

Vattenfall News

Magnus Hall - Credit: Vattenfall

Vattenfall CEO Set to Step Down

Swedish wind farm developer Vattenfall has said that its President and CEO Magnus Hall has decided to leave the company after nearly six years in the position.Hall will leave Vattenfall at the latest on January 31, 2021, and Vattenfall's board of directors will now start the recruitment process to find a new President and CEO.Lars G Nordström, Chairman of the Board of Directors: "Through his leadership and his commitment to Vattenfall’s customers and employees and to the energy transition, Magnus Hall has significantly contributed to Vattenfall’s improved position in the

Alexandra Thomas has joined Neptune Energy as UK Managing Director, based in Aberdeen. Credit: Neptune Energy (The image has been cropped)

Neptune Energy Names UK MD

Oil plc, where she most recently held the position of Head of Exploration, Development, and Commercial for Ghana.She has 18 years’ experience in the oil and gas sector, starting her career with assignments in both Shell and Equinor before joining Tullow as a result of its acquisition of the Vattenfall assets in 2011.She has held a number of senior leadership roles in the UK, Netherlands, Norway and, most recently, in Ghana where she was responsible for both new venture exploration and development.Thomas has a PhD in Applied Fluids Dynamics and a First Class Master of Physics with Honours from

Magnus Hall (Photo: Vattenfall)

Sweden's Vattenfall to Cut 1,500 Jobs

Sweden's state-owned utility Vattenfall said on Monday it would cut 1,500 full-time positions among its employees and consultants by 2020 as part of a long-running drive to boost competitiveness and profitability. The announced job cuts form part of a 2 billion Swedish crowns ($244.62 million) cost-savings programme that Vattenfall announced a year ago. "The fact that we now show a positive financial result doesn't mean that we can rest on our laurels," Vattenfall Chief Executive Magnus Hall said in a statement. Vattenfall has about 20,000 employees, primarily in Sweden, Germany, the

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