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Home Fossil Energy TGS promotes EVP Europe to CFO role

TGS promotes EVP Europe to CFO role

February 17, 2020, by Offshore Energy Today

Norwegian seismic firm TGS has appointed a new chief financial officer (CFO) of the company.

Fredrik Amundsen; Image: TGS

TGS said on Monday that it had named Fredrik Amundsen as the new (CFO). Amundsen has been with the company for 16 years and comes from the position of executive vice president for Europe at TGS.

Amundsen joined TGS in 2003 as a financial controller and has since served TGS in a variety of capacities. These include several positions in the finance department, including director of finance and interim CFO.

He also held a number of commercial roles, responsible for business units in Asia Pacific, Europe, and Russia.

He will take over the CFO role from Dean Zuzic who took on the role back in August 2019 when TGS announced a new executive team following the acquisition of Spectrum. Zuzic joined the firm as the acting CFO of Spectrum.

TGS added that Rune Eng, the EVP of the Southern Hemisphere, would take over the executive responsibility for the Europe business following Amundsen’s move into his new role.

Kristian Johansen, CEO at TGS, stated: “Following the acquisition of Spectrum in August 2019, TGS has been through a period of integration and right-sizing of the organization to realize synergies. We are now moving into a phase where our focus will be on realizing maximum value and efficiency from our internal operations.

“Few people know the TGS operations better than Fredrik Amundsen, and I am positive that he will contribute to further developing the company in his new capacity as CFO.

“Dean Zuzic joined TGS as CFO through the acquisition of Spectrum in 2019. We would like to thank him for his great contribution during the integration phase and wish him the best of luck in his future endeavors.”

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