Norwegian offshore data acquisition firm Electromagnetic Geoservices has appointed Stig Eide Sivertsen as temporary CEO while it searches for a new CEO in the wake of Bjarte Bruheim stepping down from the role today.
Bruheim had only served as CEO since January, having moved from the position of executive chairman which he had held since 2004.
Sivertsen has had to voluntarily resign as a board member in order to take up the CEO role, and brings with him experience from previous employers such as Schibsted, Petroleum-Geoservices and Telenor.
Eystein Eriksrud, chairman of the Electromagnetic Geoservices board, commented: “With the current low prices on oil, EMGS faces new challenges that require the company to take action. We are confident that Stig Eide Sivertsen is the right person to lead the company until a permanent solution is in place.”
“As the oil and gas industry is experiencing difficult times, it is even more important to provide the best solutions to our customers and to scale the operations to fit customer demands to maintain profitability. I look forward to take on the role as CEO to develop EMGS together with our highly qualified team,” added Sivertsen.