Subsea 7 CEO Jean Cahuzac will retire from his position at the end of this year and will be succeeded from January 1, 2020 by John Evans, who is currently COO.
Jean Cahuzac has been in the industry for 41 years and CEO for Subsea 7 since 2008, having previously worked for Transocean and Schlumberger.
Following his retirement as CEO, Jean will continue as a non-executive director of the company.
John Evans has been COO of Subsea 7 since he joined the company in 2005 and has over 30 years experience in the offshore energy services industry. John previously worked for KBR in a number of general management, commercial and operational roles.
Kristian Siem, chairman said: “The Board would like to thank Jean for his leadership over many years and the valuable contribution that he has made to the company. We are fortunate that John Evans, who has a deep understanding of the business and a wealth of experience, will succeed Jean as CEO and the Board looks forward to working directly with him.”