Aker Solutions is introducing a new executive management structure effective November 1, 2016, with the aim to drive further standardization and boost companywide cost-efficiency by at least 30 percent by the end of 2017. The new organization will have five delivery centers: customer management, front end, products, projects and services.
As part of the plan, Dean Watson has been named chief operating officer. Watson joins from Schlumberger, where he has held various leadership positions, and will report to Chief Executive Officer Luis Araujo.
The other executive management team members were selected internally. Valborg Lundegaard, currently head of engineering, will lead the customer management center. Svenn Ivar Fure will continue to lead the company's front end efforts. Egil Boyum, currently head of the subsea business in Europe and Africa, will lead the products center. Knut Sandvik will lead the projects center, moving from being head of Maintenance, Modifications and Operations. David Clark, currently regional head for Europe and Africa, will lead the services center.
Svein Stoknes will remain as chief financial officer and Mark Riding will continue as head of strategy.
Current head of subsea Alan Brunnen and head of operational improvement and risk management Tore Sjursen will remain at Aker Solutions through to the end of the year to assist in the transition to the new structure.