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TGS-NOPEC Geophysical Company ASA

08/29/2019 | Press release | Distributed by Public on 08/29/2019 06:04

TGS Announces New Executive Team to Support Growth Strategy

Reference is made to TGS' press release of 14 August 2019 announcing the closing of the acquisition of Spectrum ASA.

Following the transaction, which will further enhance TGS' position as the leading multi-client geophysical data company, a new Executive Team has been announced. The team, led by CEO Kristian Johansen, consists of the following Executives:

  • Katja Akentieva - EVP Onshore
  • Fredrik Amundsen - EVP Europe & Russia
  • Will Ashby - EVP North America
  • Rune Eng - EVP Southern Hemisphere
  • Tanya Herwanger - EVP Staff & Support
  • Tana Pool - EVP Legal / General Counsel
  • Jan Schoolmeesters - EVP Operations
  • Dean Zuzic - CFO

The Executive Team will lead the integration efforts with the ambition of creating ONE TGS effective 01 January 2020. The combined company is expected to realize annual cost synergies in the order of USD 20 million and have comprehensive data coverage in all major mature and frontier basins worldwide.

The new Executives will continue building on TGS' values of quality and service, and the acquisition will enhance TGS' existing offerings through:

  • Providing best-in-class quality and customer service
  • More G&G expertise by combining the best resources from both organizations
  • Momentum for enhancing imaging quality and technologies
  • Strong balance sheet and Industry-leading returns for shareholders

As part of the transition, TGS CFO Sven B. Larsen will transfer into a new role heading up strategic initiatives for the company, reporting to the CEO.

For more information and biographies, please visit TGS' website, www.tgs.com.

Attachment: TGS Executive Team August 2019