Equinor has appointed Ulrica Fearn as chief financial officer and executive vice president from 16 June 2021.
Fearn will succeed acting chief financial officer Svein Skeie, who will become senior vice president CFO performance management and risk with effect from the same date.
As chief financial officer, Fearn will lead Equinor’s global finance organisation and be responsible for treasury and tax, investor relations.
She will also lead on performance management and risk, accounting and financial compliance, business development and corporate mergers and acquisitions, corporate strategy and global business services.
Fearn is currently director of group finance at BT, where she has helped drive cultural change and strong sustainable performance since 2017.
Equinor president and chief executive Anders Opedal said: “I am pleased to welcome Ulrica to Equinor and our leadership team.
“Her deep and extensive experience in leading financial operations, as well as driving operational, control and shared services results, will make a strong contribution to the leadership of Equinor.
“She also brings renewal and increased diversity to the corporate executive committee.
“She is guided by her strong values and I am confident Ulrica will provide good leadership as we position Equinor for the future.”
Prior to BT, Fearn built an international career at Diageo culminating in general management responsibility for global shared services.
She said: “I am thrilled to join Equinor and return to my native Scandinavia. Equinor has a strong business, a strong position, a proud history, and an exciting change journey ahead.
“I look forward to working with the team to further strengthen the company.”
Fearn holds a master’s degree in business and finance from the University of Halmstad.