Lars Christian Bacher resigns as Equinor’s CFO – E24

Bacher will retire on Nov. 1 after 30 years with the company.

YESTERDAY: Lars Christian Bacher has been at the head of the Equinor group for eight years. Now it’s over.

This is indicated by the company in a press release on Friday morning.

Bacher will be employed by the company until May 31 next year, but will retire in a week.

He has been with the company for 30 years and has been at the head of the group for more than eight of them. Bacher has served as CFO for the past two years.

– After almost 30 years of exciting challenges at Equinor, it’s a good time to consider new missions outside the company. I am grateful for the interesting assignments the company has given me over the years, says Lars Christian Bacher in a press release.

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The outgoing director has, among other things, been at the helm of Equinor’s international operations.

He was also rig manager on the Norne and Stafjord fields on the Norwegian shelf.

Bacher led work on the merger of Norsk Hydro’s and Equinor’s offshore plants, and served as the company’s national operations manager in Canada until September 2012.

Upon Bacher’s departure, Svein Skeie will take over as interim CFO. Skeie has been with Equinor since 1996. Since then he has held several leadership positions in finance, business development and economic analysis.

Bjørn Asle Teige is a group shop steward at Equinor.

Didn’t get the best job

Bjørn Asle Teige is shop steward of the Safe in Equinor group.

– I’m a little bit surprised. At the same time, there was an internal competition to get to the top of the company, but there is only room for one. Those who weren’t elected are probably a little disappointed, Teige says.

Earlier this fall, it was announced that Anders Opedal would take over as CEO on November 2, upon the resignation of Eldar Sætre. Lars Christian Bacher was in the final round and among the strongest candidates for the top job.

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– Opedal is not our first choice as the new boss of Equinor

Teige gives Bacher some good shots by leaving the company.

– He held the finance position when there were problems, with low prices and difficult conditions. In this way, he has done a good job of keeping the business afloat. I have a good impression of the work he has done, says Teige.

According to Teige, shop stewards have had fairly close contact with Bacher, both as CFO and in his previous jobs.

– We’ve had a lot to do with him in the past. We’ve always had a good relationship, he says.

Alec Dittman

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