– The next few months I will ski a lot and play tennis, says the oil top. She highlights Edvard Grieg and Johan Sverdrup as the major highlights of Lundin’s career.
Kristin Færøvik visited Rosenberg shipyard in 2019. She was top manager for the Stavanger shipyard from 2010 to 2015.
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Kristin Færøvik and the board of Lundin Energy Norway have agreed that she will resign as CEO, according to a press release from the company.
She ends December 31st.
– I have had seven fantastic years in Lundin, where we have achieved a lot and built a good team. It is a time for everything, and seven years is a good time in this type of position, says Færøvik to Aftenbladet / E24.
– Who took the initiative for your departure?
– I have had a good dialogue with the board, says Færøvik.
– Was this something you wanted yourself in the first place?
– As I said, I have had a good dialogue with the board.
– When did the process start?
– It goes without saying that it did not start yesterday, but I have no comment on how long we have talked together, says Færøvik.
Can continue in the oil industry
She makes no secret of the fact that it will be a bit special to quit Lundin.
– It is always strange to leave a workplace. I have become very fond of many people here. But I have a burning commitment to this industry, and will not cut all ties to the oil industry, she adds.
Although she thus suggests that it may be the oil industry also in the future, however, Færøvik will not go into detail about the future. She does not rule out a new top job or other positions.
– I keep all the doors open.
First, however, she will have a long free period.
– The next few months I will ski a lot and play tennis. Then I will see the Birkebeiner race that was postponed due to the corona. I will do that together with colleagues from Lundin, says Færvik.
Grieg and Sverdrup at the top
She highlights the Edvard Grieg field as one of the great highlights in Lundin.
– The start-up and the years of operation there have been a true adventure. The way the field is run, the cost discipline and how the subsoil is managed – I am very pleased with that, says Færøvik, who also highlights the giant field Johan Sverdrup, which started production in November 2019.
– It has been great fun to be part of the Sverdrup journey. That field has a special place in the company’s history, says Færøvik, referring to the fact that it was Lundin who in 2010 made the discovery that became the Johan Sverdrup field.
This autumn, it became known that Swedish prosecutors have issued charges against former Lundin leaders in Sweden for complicity in human rights violations in Sudan in the late 1990s and early 2000s. Færøvik emphasizes that this matter has not been on her table.
– I have absolutely nothing to do with it. This happened before Lundin was established in Norway, she says.
– I am proud to have further developed Lundin’s business in Norway, and of the success of Edvard Grieg and Johan Sverdrup. After seven years as head of the company, it is a pleasure for me to pass on the baton to Morten. Lundin has fantastic employees, and I wish both them and the company good luck in the future, says Færøvik in a statement.
Strong growth
Lundin Energy is a Swedish company, which is listed on the Stockholm Stock Exchange, and the change of management takes place in the Norwegian subsidiary. There are no major changes in the share price after the news.
– I would like to thank Kristin for seven years of commitment and hard work, says CEO Nick Walker of Lundin Energy in a statement.
– Lundin Energy Norway has had steady and strong growth under her leadership, from the production of just over 20,000 barrels of oil per day to around 190,000 barrels of oil per day in 2021, he continues.
Morten Grini has been appointed as Færøvik’s successor, with effect from 1 January. He has previously worked for ExxonMobil in Norway. He joined Lundin Energy Norway in 2017 and has since been a member of the management team.
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