Ole Martin Grimsrud has been appointed CFO of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker ASA on the same day.
Grimsrud joined Aker Solutions in 2012 as vice president of finance for the subsea business. He has held several senior management positions in the company since, most recently as senior vice president, group treasury, controlling and mergers and acquisitions.
He previously held various positions within finance, strategy and operations in the Norwegian industrial groups Elkem and Norske Skog. Grimsrud will report to CEO Luis Araujo.
“I am delighted to welcome Ole Martin to the team as our new CFO,” Araujo said. “His strong performance here at Aker Solutions shows he is well-suited for the role, and I know he will become a good addition to the executive management team.”
Grimsrud holds a Master of Science in Industrial Economics and Technology Management from the Norwegian University of Science and Technology in Trondheim.
Wood has secured a new $42 million contract from international energy company Equinor on behalf of operator Gassco to provide EPCI services at the Kollsnes gas processing plant in Norway, the company said on Sept. 17.
Technology for reusing flowback and produced water offers solutions for regions facing limited water sources and drought.
An offline cementing system saves an E&P company eight hours of cycle time and about $32,000 per well.