TGS puts together new executive team following Spectrum acquisition
- Business & Finance
Multi-client services provider TGS has put together a new executive team following its recent completion of acquisition of Spectrum.
Norwegian seismic player TGS completed its acquisition of Spectrum, creating a global multi-client geophysical data provider, in mid-August.
Following the transaction, a new executive team was announced on Thursday, August 29.
The team, led by CEO Kristian Johansen, consists of: Katja Akentieva – EVP Onshore; Fredrik Amundsen – EVP Europe & Russia; Will Ashby – EVP North America; Rune Eng – EVP Southern Hemisphere; Tanya Herwanger – EVP Staff & Support; Tana Pool – EVP Legal / General Counsel; Jan Schoolmeesters – EVP Operations; and Dean Zuzic – CFO
The company said that the new executive team would lead the integration efforts with the ambition of creating ONE TGS effective January 1, 2020. The combined company is expected to realize annual cost synergies in the order of $20 million and have comprehensive data coverage in all major mature and frontier basins worldwide.
As part of the transition, TGS CFO Sven B. Larsen will transfer into a new role heading up strategic initiatives for the company, reporting to the CEO.
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