Archer promotes chief financial officer to chief executive officer role

Oilfield services provider Archer has promoted its chief financial officer to the role of chief executive officer (CEO).

Archer said on Tuesday that Dag Skindlo was named as the company’s new chief executive officer. He joined Archer as CFO and EVP of strategy in May 2016.

Kjell-Erik Østdahl, chairman of Archer, said: “I’m pleased that Dag will take on this challenge. We have had a thorough recruitment process where the board has been looking for the best candidate to lead Archer going forward.

“Dag has a strong commercial track-record and has the best qualifications for delivering on our corporate strategy. He has been instrumental in delivering improvements in Archer since 2016 with an impressive development in margins and leverage ratio.”

Skindlo has worked 28 years in the oil and gas industry. He joined Schlumberger in 1992 where he held various financial and operational positions before he joined the Aker Group of companies in 2005, where he held global CFO roles and managing director roles for several large industrial divisions. Before joining Archer in 2016, he held the position as CEO for Aquamarine Subsea.

Regarding his appointment to the new role, Skindlo stated: “I firmly believe we have the team and resources to sustain our profitable growth in the years to come.

“Furthermore, I am delighted to announce that Espen Joranger has accepted the role as CFO. Espen has deep knowledge of the company, our businesses and the organization. This secures momentum and continuity from day one.”

As for Joranger, he joined Archer in May 2013 as a finance director for the North Sea region and currently holds the position as the group controller.

Before joining Archer, he worked for Seadrill as director of financial accounting and eight years for Ernst & Young. He has ten years of experience in the oil and gas industry.

It is worth reminding that Archer’s former CEO John Lechner resigned in May 2019. He was appointed as the company’s CEO in April 2016, replacing David King, who had been Archer’s CEO since July 2013.

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