Lars Christian Bacher, who has been CFO of Equinor since August 2018, had been one of four candidates in the running to become the Norwegian oil and gas company’s new CEO this year. (Source: Equinor ASA)
Equinor ASA said on Oct. 23 that CFO Lars Christian Bacher has decided to step down from his position.
Bacher was one of four candidates in the running to become Equinor’s new CEO this year. However, he lost out to another senior manager, Anders Opedal, who will take the helm next month.
Finance executive Svein Skeie will replace Bacher on Nov. 1 and will hold the CFO position until a permanent appointment is made.
“After almost 30 years of exciting challenges at Equinor, it is time to look ahead at new opportunities outside the company,” Bacher said in a statement.
Since joining Equinor in 1991, Bacher has held a number of leadership positions at the Norwegian oil and gas company including leading the merger process for the offshore installations of Norsk Hydro and Equinor. He has been CFO of Equinor since August 2018.
Bacher will remain with Equinor until May 2021.
Reuters contributed to this article.
Recommended Reading
Dallas Fed: Trump Can Cut Red Tape, but Raising Prices Trickier
2025-01-02 - U.S. oil and gas executives expect fewer regulatory headaches under Trump but some see oil prices sliding, according to the fourth-quarter Dallas Fed Energy Survey.
NatGas Prices, E&Ps Take a Hit from DeepSeeking Missile
2025-01-28 - E&Ps such as Expand Energy and EQT Corp. saw share prices drop on news of less power-intensive AI, but analysts predict the natural gas market will rebound as LNG exports and overall power demand continues to increase.
Cheniere Produces First LNG in Corpus Christi Expansion Project
2024-12-30 - Houston-based Cheniere adds to quickly growing U.S. production capacity.
US LNG Exporter Venture Global's Shares Dip After IPO
2025-01-24 - Venture Global’s pre-IPO pricing at $25 a share valued the Gulf Coast LNG operator at some $65 billion, but shares fell below $25 by about 3% in trading Jan. 24.
Australia's Woodside in Talks with at Least Three Partners for Louisiana LNG, Sources Say
2025-02-18 - Woodside Energy has held talks with several potential buyers of stakes in its Louisiana LNG plant, including Tokyo Gas, Japan's JERA and Saudi Aramco-backed MidOcean Energy, multiple sources told Reuters.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.