Aker Carbon Capture announces the appointment of Egil Fagerland as its new Chief
Executive Officer with effect from today, July 11, 2023. Fagerland will replace
Valborg Lundegaard, who is stepping down to focus on her health and family.
Fagerland is currently CFO of Aker Carbon Capture and has been with the company
since April 2021.
Chairperson of Aker Carbon Capture Kristian M. Røkke said the Board was pleased
to announce Egil Fagerland as the company's new CEO. He praised Fagerland,
stating, "Egil has shown exceptional aptitude and leadership as the CFO of Aker
Carbon Capture. His track record in business growth and his solid understanding
of the CCUS industry make him an exemplary leader." Røkke expressed his
anticipation of Fagerland's contribution in his new role, "We are excited to see
Egil bring Aker Carbon Capture to its fullest potential, delivering on the
company's current project portfolio and expanding the company in new markets and
industries."
Røkke also paid heartfelt respect to Valborg Lundegaard, under whose leadership
the company evolved into a leading entity in the carbon capture domain. He
stated, "Valborg's leadership has been inspirational and impactful. Her
influence extends beyond Aker Carbon Capture to the broader CCUS industry. We
are grateful that she will continue to lend her expertise and insight to Aker
Carbon Capture. Her contributions have been invaluable, and we look forward to
her continued association with the company."
Lundegaard will serve as a senior advisor to Aker Carbon Capture going forward.
Lundegaard expressed gratitude for the support she received during her tenure,
"I would like to thank the Board, our shareholders, executive team, and
incredible, purpose-driven colleagues for their trust and support. It has been a
privilege to contribute to Aker Carbon Capture's journey, enabling countries and
corporations to achieve their climate ambitions." She also voiced her confidence
in her successor, "The time for large-scale deployment of CCS is now, and Egil's
industry knowledge, business acumen and financial skills are precisely what Aker
Carbon Capture needs to navigate the rapidly accelerating market for industrial
decarbonization. I wish him all the best as he takes over the helm of this
remarkable company."
"I am both honored and excited to take on the role of CEO at Aker Carbon
Capture. Our mission is of immense importance - we have the power to
significantly impact our planet's future through innovative carbon capture
solutions. I look forward to building on the exceptional groundwork laid by
Valborg and the team, accelerating our growth and leading Aker Carbon Capture
into a new chapter of industrial decarbonization," said Fagerland.
Since 2021, Fagerland has been instrumental in the development and expansion of
Aker Carbon Capture. He came to Aker Carbon Capture from DeepOcean, where he was
head of ERP and Business Systems. He previously held various roles in Aker
Solutions from 2012 till 2020, including as senior vice president, group
controlling and financial systems. He has over a decade of experience in
finance, project management, business systems and operational improvements from
the energy industry. Fagerland holds an MSc in Economics and Business
Administration from the Norwegian School of Economics (NHH).
With the transition of Fagerland to the CEO position, the company has initiated
a recruitment process to hire a new CFO. Petter Natås will serve as interim CFO.
Natås comes from the position of group chief controller at Aker Horizons.
ENDS
Media contact:
Marianne Stigset, mob: +47 411 88 482 (http://tel:+47 411 88 482), email:
marianne.stigset@akerhorizons.com
Yannick Vanderveeren, mob: +47 458 36 358 (http://tel:+47 458 36 358),
email: yannick.vanderveeren@akercarboncapture.com
Investor contacts:
David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:
david.phillips@akercarboncapture.com
Aker Carbon Capture is a pure-play carbon capture company with solutions,
services and technologies serving a range of industries with carbon emissions,
including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen
segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a
unique, environmentally friendly solution for removing CO\2\ emissions.
Visit akercarboncapture.com (https://www.akercarboncapture.com/) and connect
with us on LinkedIn (https://www.linkedin.com/company/aker-carbon
-capture), Facebook (https://facebook.com/akercarboncapture),
Twitter (https://twitter.com/akercarbon),
Instagram (https://www.instagram.com/akercarboncapture/) and
YouTube (https://www.youtube.com/channel/UCqE71jAZxmM-CNhfUQq86kQ). This press
release may include forward-looking information or statements and is subject to
our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/).
This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.