OSLO, NORWAY: Aker Carbon Capture announced 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.”

“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.

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