Published by Global Banking & Finance Review®
Posted on March 3, 2026
1 min readLast updated: April 2, 2026
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Subsea7 announced on March 3 that CEO John Evans will retire on June 30, to be succeeded by Seaway7 CEO Stuart Fitzgerald starting July. Fitzgerald is also expected to lead the combined entity if the Saipem–Subsea7 merger closes as planned.
March 3 (Reuters) - Norwegian energy contractor Subsea7 said on Tuesday that CEO John Evans will retire later this year and will be succeeded by Stuart Fitzgerald.
Evans, a company veteran, will retire on June 30 and Fitzgerald will take over starting July, the company said in a statement.
Fitzgerald is currently CEO of Seaway7, part of the Subsea7 Group. He has also been proposed as CEO of the combined entity after the completion of a planned merger of Subsea7 with Italian oil services firm Saipem, the company said.
In 2025, Saipem agreed to merge with rival Subsea7 in a deal valued at about $4.63 billion to create a global player — to be renamed Saipem7 — in offshore energy services.
(Reporting by Bipasha Dey in Bengaluru; Editing by Sahal Muhammed)
John Evans is retiring as CEO of Subsea7 later this year.
Stuart Fitzgerald will take over as CEO of Subsea7 starting July.
Stuart Fitzgerald is currently CEO of Seaway7, part of the Subsea7 Group.
Subsea7 is merging with Italian oil services firm Saipem in a $4.63 billion deal.
The merged company will be renamed Saipem7.
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