Subsea 7 has acquired all the shares in its offshore renewables subsidiary Seaway 7.
The company has also announced the subsequent delisting of Seaway 7 from Euronext Growth Oslo.
Seaway 7 CEO Stuart Fitzgerald will re-join the Subsea 7 Executive Committee, effective 1 July 2023.
Stuart joined Subsea 7 in 2000 and, after holding a number of operational and strategic roles in the Group, he was appointed as CEO of Seaway 7 in 2021.
The full Executive Management Team of Subsea 7 comprises John Evans, Chief Executive Officer, Olivier Blaringhem, Executive Vice President – Subsea and Conventional, Stuart Fitzgerald, Chief Executive Officer – Seaway 7, Mark Foley, Chief Financial Officer, Nathalie Louys, General Counsel, Kate Lyne, Executive Vice President – Human Resources, Phil Simons, Executive Vice President – Projects and Operations, and Marcelo Xavier, Executive Vice President Strategy and Sustainability.