Effective as of October 6, 2022, Torgrim Reitan has been named executive vice president and chief financial officer of Equinor.
Ulrica Fearn, who has chosen to leave the company in order to pursue a CFO position outside of the company, will be succeeded by Reitan. Until further notice, Ulrica Fearn will be available to ensure a smooth transition to her replacement.
“I am very pleased to welcome Torgrim back to the Corporate Executive Committee. Torgrim has a very strong background to take on the complex challenge as CFO in Equinor, as we progress our ambition to be a leading company in the energy transition. In the current energy crisis, it is a definite strength to have Torgrim in my top management team, with his experience as CFO, from our upstream business, from trading and operations of natural gas, and lastly from the acceleration of growth in our renewables business,” says Anders Opedal, president and CEO of Equinor.
“I look very much forward to joining the CEC and to work closely with Anders and his very strong team in handling the current energy crisis, while using my broad experience contributing to drive the momentum in our transformation towards net zero in 2050,” says Torgrim Reitan.
Reitan comes from the position as senior vice president for Finance and Control in the Equinor’s Renewables business area. Reitan joined Equinor in 1995. From 2018 –2020 Reitan was executive vice president for Development and production international. From 2015 – 2018 Reitan held the position as executive vice president of Development and Production USA.
Before that, he served from 2010 to 2015 as executive vice president and chief financial officer. Prior to this, he served in a number of management roles at Equinor, including senior vice president of trading and operations in the natural gas business area from 2009 to 2010, senior vice president of performance management and analysis from 2007 to 2009, and senior vice president of performance management, tax, and M&A from 2005 to 2007. Reitan held a variety of jobs in the natural gas business area and corporate activities between 1995 and 2004.
From the Norwegian School of Economics and Business Administration, Reitan has a Master of Science degree.