Fugro Confirms Løseth as New CEO

Fugro’s shareholders have appointed Øystein Løseth as member of the board of management at today’s extraordinary general meeting.

Løseth was nominated by the supervisory board of Fugro in October this year, following the announcement that its current CEO Paul van Riel will retire on April 26, 2018.

He will join the board on January 1, 2018. After a transition period he will succeed the current CEO and chairman of the board of management, Paul van Riel, who will step down as planned.

Løseth until recently was on the board of directors of Norwegian company Statoil, of which the last two years as chairman of the board. Previously he was CEO of Vattenfall.

In addition, the shareholders meeting approved the amendment of the articles of association. The only relevant change is an increase in the number of ordinary shares whilst decreasing the number of financing preference shares, resulting in an unchanged authorised share capital.