Vår Energi picks Equinor man for CEO role

Oil and gas company Vår Energi has appointed Torger Rød as the company’s new CEO following the departure of Kristin Kragseth to lead the Norwegian state-owned Petoro.

Vår Energi said on Tuesday that Torger Rød will replace Kristin F. Kragseth who has accepted the position as CEO of Petoro, the management company for the Norwegian state-owned oil and gas interests.

Kragseth had been the CEO of Vår Energi since its establishment in 2018 through the merger between Eni Norge and Point Resources.

She will accede her new position once her replacement is in place.

Torger Rød has spent the last 22 years working with Equinor (formerly Statoil) both in Norway and internationally, most recently as the Head of Safety and Security and before this as the SVP Project Development.

Speaking of the new appointment, Philip Hemmens, Chairman of Vår Energi said: “I am delighted that Torger has agreed to be our new CEO:  he has the energy, leadership skills and experience to ensure that Vår Energi reaches its objectives in the current challenging environment.  I would like to thank Kristin Kragseth for her invaluable contribution in establishing Vår Energi on the NCS and I wish her every success in her new role in Petoro”.

Rød commented: “I am looking forward to taking on the role as CEO of one of the most exciting oil and gas companies in Norway, with ambitious growth targets and operations across all parts of the NCS”.

The company added that Rød’s start date will be announced in the near future.