Equinor has appointed Ulrica Fearn as its chief financial officer (CFO) and executive vice president, with effect from 16 June 2021.
Ms Fearn will succeed acting CFO Svein Skeie, who will become senior vice president CFO Performance Management and Risk with effect from the same date.
She is currently group finance director at BT, where she has helped drive cultural change and strong sustainable performance since 2017.
Anders Opedal, president and CEO of Equinor, said: “I am pleased to welcome Ulrica to Equinor and our leadership team.
“Her deep and extensive experience in leading financial operations, as well as driving operational, control and shared services results, will make a strong contribution to the leadership of Equinor.
“She also brings renewal and increased diversity to the corporate executive committee.
“She is guided by her strong values and I am confident Ulrica will provide good leadership as we position Equinor for the future.”
Prior to BT, Fearn built an international career at Diageo. Originally joining them in 1998, she took leadership roles of increasing responsibility covering treasury, internal audit, and finance business partnering.
She said: “I am thrilled to join Equinor and return to my native Scandinavia. Equinor has a strong business, a strong position, a proud history, and an exciting change journey ahead. I look forward to working with the team to further strengthen the company.”
Fearn holds a master’s degree in business and finance from the University of Halmstad.