Aker Horizons Welcomes New CEO Lars P. Sørvaag Sperre

Aker Horizons Welcomes Lars P. Sørvaag Sperre as New CEO

Aker Horizons ASA has made a significant leadership change by appointing Lars P. Sørvaag Sperre as its new Chief Executive Officer, effective from October 1, 2024. This appointment is part of a strategic transition within the company, where Kristian Røkke, the current CEO, is proposed to take on the role of Chairman of the Board.

Insights from the Current and New Leadership

Øyvind Eriksen, CEO of Aker ASA and Chairman of Aker Horizons, expressed delight in welcoming Lars into his new position. Lars brings a wealth of experience with a proven record in industrial development and capital markets. His background at Norske Skog, where he managed complex situations, positions him to effectively lead Aker Horizons in navigating its next growth phase.

The Path Ahead for Aker Horizons

Lars's leadership arrives at a critical time as Aker Horizons continues to tackle the multifaceted challenges and opportunities that come with advancing energy sustainability and new technologies. His experience, particularly during his 17 years at Norske Skog, will be integral for the company as it seeks to enhance its market position and push the energy industry toward a net-zero future.

The Board's New Composition

Aker Financial will also propose that Øyvind Eriksen take the position of Deputy Chairman. This strategic move aims to maintain continuity on the Board, which remains otherwise unchanged. The Nomination Committee is set to evaluate these proposals at their earliest convenience, with an Extraordinary General Meeting soon to be called for discussions.

Reflections on Leadership Transition

Kristian Røkke shared his thoughts, emphasizing the importance of leadership in achieving progress in the energy sector. He stated, "The energy transition continues to be both an enormous investment challenge and an unprecedented opportunity. Our experiences over the past four years as first movers in emerging markets will be crucial moving forward."

Investment Opportunities in Renewables

Lars P. Sørvaag Sperre expressed his excitement about taking on this leadership role, acknowledging the hurdles that the renewable energy sector has faced recently. However, he remains optimistic about the considerable opportunities that lie ahead for Aker Horizons. His commitment to steering the organization through these transformative times showcases his readiness to lead.

A Bright Future for Aker Horizons

The overarching sentiment within the company reflects a positive outlook as it embraces this leadership change. Aker Horizons is poised to navigate the ever-evolving landscape of renewable energy and market dynamics, and Lars's appointment as CEO signals a robust strategy to capitalize on growth opportunities.

Frequently Asked Questions

1. Who is the new CEO of Aker Horizons ASA?

Lars P. Sørvaag Sperre has been appointed as the new CEO of Aker Horizons ASA, effective from October 1, 2024.

2. What are the credentials of Lars P. Sørvaag Sperre?

Lars has a 17-year career at Norske Skog, including positions as SVP Corporate Strategy and CEO, and holds a law degree from the University of Bergen.

3. Why is Kristian Røkke being proposed as Chairman?

Kristian Røkke, the outgoing CEO, is proposed to be Chairman to ensure continuity and guidance in Aker Horizons' transition.

4. What challenges does Aker Horizons face in the renewables sector?

The company is navigating investment challenges while seeking significant opportunities in the evolving renewable energy landscape.

5. What can we expect from the new leadership going forward?

With Lars at the helm, Aker Horizons aims to leverage current market dynamics and enhance its contributions toward achieving net-zero emissions in the energy industry.

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