Global energy consultancy Xodus, an autonomous Subsea7 subsidiary since 2018, has appointed a new chief executive officer (CEO) as the company founder decided to step down from the role.
Xodus Founder Steve Swindell is stepping down from the CEO role after 20 years with the firm, set to be succeeded by Stuart Holley, current Global Field Development Group Director at Subsea7, as of October 1.
The two will work in close collaboration until the end of the year as part of a managed transition.
According to Xodus, Swindell co-founded the company in 2005, which has grown from a small start-up in Aberdeen to now employing 500 people in worldwide energy hubs.
“After 20 years of building and leading Xodus, the time has come for me to step back to give more space for family and personal life. It is the right time for someone new to guide us into our next chapter. I could not be prouder of what we have achieved together and the legacy we have created,” Swindell said.
“I will be supporting Stuart and the team to ensure the transition is smooth and seamless for our clients. With the experience and expertise within the company, I have full confidence that Xodus will play a significant role in the energy transition over the next 20 years.”
Xodus was earlier this year awarded a contract to support the Offshore Western Kyushu carbon capture and storage (CCS) project, one of Japan’s first large-scale CCS initiatives.