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Subsea7 Media Company News 2026 Subsea7 announces CEO succession

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Subsea7 announces CEO succession

Subsea7 today announced that John Evans will retire from his position as CEO on the 30 June 2026 and will be succeeded from 1 July 2026 by Stuart Fitzgerald who is currently CEO of Seaway7, part of the Subsea7 Group. The Board will propose that John is appointed as a Director of the Company at the Annual General Meeting on 12 May 2026.

John has worked for Subsea7 and its predecessor companies for 40 years. He was COO of Subsea7 for 14 years and has been CEO of Subsea7 since 2020.

Stuart has been CEO of Seaway7 since 2022. He joined Subsea7 in 1998 and has held a number of senior management positions including EVP Commercial and EVP Strategy and Alliances. 

Stuart is also proposed as the CEO of Subsea7 within the future Saipem7 upon completion of the proposed merger with Saipem.

Kristian Siem, Chairman said: "The Board would like to thank John for his strong leadership and valuable contribution to the Company as CEO - he has shown true commitment and passion for the business over the last 40 years.  Stuart has made significant contributions over the course of his career with  Subsea7 in both operational and strategic roles, and, in recent years, he has led  the turnaround of the Seaway7 business. Stuart has the full support of the Board  of Subsea7 as he continues his journey in this new role. I am confident that,  under his leadership, Subsea7 will continue to thrive, both in the near term and  as we navigate the merger with Saipem."