Equinor has named Ulrica Fearn as chief financial officer (CFO) and executive vice president, effective 16 June 2021.
Fearn will replace CFO Svein Skeie, who will become CFO Performance Management and Risk Senior Vice President with effect from the same date.
“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.”Anders Opedal, president and CEO of Equinor.
Fearn is currently the group finance director at BT Plc, where she has helped drive institutional change and strong sustainable performance since 2017.
At BT, Fearn led the development and execution of the financial restructuring program with an emphasis on profit and loss, balance sheet and cash flow results. This included a new group-wide knowledge model, control systems and improved reporting.
“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.”Ulrica Fearn.
As CFO, Fearn will lead Equinor’s global finance company and will be responsible for treasury and tax, investor relations, performance and risk management, accounting and financial compliance, market growth and corporate mergers and acquisitions, corporate strategy and global business services.
Fearn holds a master’s degree in business and finance from the University of Halmstad.