Maersk Drilling chief financial officer to join Ramboll

  • Business & Finance

Engineering consulting firm Ramboll has appointed Maersk Drilling’s chief financial officer (CFO) Marianne Sørensen as its new CFO and member of the Group executive board.

Ramboll said on Thursday that Sørensen would start in her new position on January 1, 2018, replacing Michael Rosenvold, who has been CFO at Ramboll since 2008 before moving to SimCorp in the fall.

She joins Ramboll from Maersk’s subsidiary Maersk Drilling where she has been the CFO since 2008.

Sørensen has more than 25 years of experience from various finance positions in the A.P. Moller-Maersk Group including the role as Global Head of Funding for the Maersk Group’s global activities and deputy in Group Finance, now Group Treasury.

Jens-Peter Saul, Ramboll CEO, said: “It is a pleasure to welcome Marianne Sørensen as new CFO and member of the Group Executive Board in Ramboll. As former CFO of Maersk Drilling, Marianne comes with the right combination of strong financial skills, extensive senior management experience, and international experience.”

“Ramboll is a very interesting company with a strong DNA and a compelling mission that I look forward to being a part of. The company is on an exciting international journey with great ambitions to become an even more prominent consultancy within sustainable solutions to societies and companies worldwide. It is especially important for me that financial data and analyses are not just about reporting but support the strategic decisions in the company,” added Sørensen.

Maersk seeking solution for drilling unit

It is worth mentioning that Sørensen’s current employer, Maersk Drilling, recently stepped into the acquisition crosshairs of its rival Rowan Companies.

Maersk Drilling’s parent company Maersk has already arranged the sales of Maersk Oil and Maersk Tankers, and has been looking for a solution for the remaining part of its energy business – Maers Drilling and Maersk Supply Service.

Late in September it was reported that Rowan came up as a potential suitor for the Danish offshore driller, according to Bloomberg, which cited unnamed sources.

The news agency said at the time that Maersk and Rowan entered into talks over a potential sale of Maersk Drilling, assets of which have been valued at around $4 billion.

Charlie Hockless, Senior Offshore Analyst at VesselsValue (VV), later commented that the swoop might be too much for Rowan to digest, and that the U.S. offshore driller might target Maersk Drilling’s specific assets, if not the whole company.

“What will be interesting to see is whether the deal is too big for Rowan to complete, as Maersk’s fleet is of higher value than the current Rowan fleet…” he said.

Hockless added: “If the deal does not go through in its entirety, it is likely that Rowan will target Maersk jack-ups, with the intention of expanding their presence in the North Sea drilling market.”


Offshore Energy Today Staff
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