Subsea 7 has appointed COO John Evans to take over as chief executive office after current CEO Jean Cahuzac decided to retire at the end of this year.
Cahuzac has been the CEO of Subsea 7 since 2008, having previously worked for Transocean and Schlumberger. Following his retirement, he will act as a non-executive director of the company.
Evans is a veteran in the offshore energy service industry and has been the COO of Subsea 7 since 2005.
“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,” said Kristian Siem, chairman of Subsea 7.
In a separate release, Subsea 7 announced the award of a major contract by Saudi Aramco for Marjan Increment Projects, offshore Saudi Arabia.
The engineering, procurement, construction and installation (EPCI) contract is awarded for execution in consortium with L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro. Offshore execution is due to take place in 2021 and 2022.
Earlier this month, Subsea 7 and LTHE secured three new contracts from Saudi Aramco for works in the Marjan and Zuluf fields.