Subsea 7-OHT link-up gathers executive team

Subsea 7 has revealed the proposed executive team for Seaway 7, the company set to be created by the planned combination of OHT and Subsea 7’s Renewables business unit.

Seaway 7 will be managed by an experienced executive team led by Stuart Fitzgerald as chief executive officer (CEO).

Current OHT CEO Torgeir E. Ramstad will be named EVP vessels and offshore resources.

Steph McNeill, Subsea 7’s EVP renewables, will take the role of chief operating officer (COO), Harke Jan Meek will be appointed chief commercial officer (CCO) and Mark Hodgkinson will take over as chief financial officer (CFO).

To remind, in July, Subsea 7 announced it had agreed to combine its Renewables business unit with Norway’s OHT into a company named Seaway 7.

Subsea 7 will own 72% and OHT’s shareholders 28% of the company.

Seaway 7 will offer a full range of specialist standalone transport and installation (T&I) services, as well as integrated T&I and EPCI solutions that combine the installation of turbines, foundations, substations, and cables.

The pure-play renewables company will be headquartered in Oslo and focused on fixed offshore wind. Subsea 7 will retain its business in floating wind, which is not be part of this transaction.