OTS - DEA appoints Maria Moraeus Hanssen as CEO (part 1)
2017. September 04. 17:00
Hamburg, 4 September, 2017 (APA/OTS) - DEA Deutsche Erdoel AG, the
international oil and gas company wholly owned by LetterOne, today
announces the appointment of Maria Moraeus Hanssen as its new CEO
and Chairman of the Management Board. The appointment is expected
to take effect in January 2018, when Maria Moraeus Hanssen succeed
Thomas Rappuhn, who is handing over after 30 years at the company,
including 12 years on the Executive Board and 8 years as CEO.
Maria Moraeus Hanssen is currently Chief Executive Officer of
the French utility group ENGIE's exploration and production
business, managing production of more than 160,000 barrels of oil
equivalent per day, across 12 countries with 1,700 employees.
Over the past two years, Maria Moraeus Hanssen has led a
strategic transformation at Engie's E&P business, restructuring the
portfolio and improving returns and profitability through the
pursuit of cultural change, application of new technology, cost
reductions and M&A activity. Maria Moraeus Hanssen, a Norwegian
citizen, has extensive oil and gas industry experience having
worked for Hydro ASA, Statoil ASA and Aker ASA. She trained as a
reservoir engineer and petroleum economist, and spent the first
fifteen years of her career with Hydro ASA across a broad range of
roles including reservoir engineering, exploration management,
field development, offshore operations and business development.
Shortly after Statoil bought Hydro's oil and gas activity, Maria
Moraeus Hanssen left to join Kjell Inge R?kke's Aker Group. After
successfully building significant elements of what later became
Aker BP ASA, Maria Moraeus Hanssen returned to a more operational
role in 2014, heading up GDF SUEZ's Norwegian business. In 2015,
she was promoted to run GDF SUEZ's entire international E&P
business. GDF SUEZ changed its name to ENGIE in the same year.
Commenting on Maria Moraeus Hanssen's appointment, Lord Browne,
Chairman of DEA's Supervisory Board and Executive Chairman of L1
Energy said: "We are delighted that Maria has chosen to join DEA.
She is ideally suited to lead DEA in the next phase of its
development and growth. Our ambition is to build a safe,
sustainably growing energy company, which is recognised as a
partner of choice. Maria brings a commercial mind-set, financial
and strategic insight along with an impressive technical
background. She has a proven track record of leading and
transforming organisations.
I would like to thank Thomas Rappuhn for his many years of
service at DEA. He has successfully managed the company's
transition to becoming an E&P company under new ownership, and has
laid solid foundations for the future. On behalf of DEA and L1
Energy, I wish him all good fortune and success in his future
pursuits."
Thomas Rappuhn said: "I am very thankful for the good times and
the support I always received from all colleagues at DEA. DEA has
developed a very solid portfolio, professional skills and a
corporate culture with associated values, which represent a good
foundation for a bright future. I wish DEA and its great people all
the best!"
Maria Moraeus Hanssen commenting on her appointment as Chief
Executive said: "I am very proud to take over from Thomas Rappuhn,
who leaves a tremendous legacy, and look forward to working with my
new colleagues in DEA to develop the company to its full potential.
DEA is well positioned for both organic and inorganic growth, and
to benefit from the change we see happening in the E&P sector. I
look forward to expanding DEA's successful business in a
sustainable manner, while maintaining today's HSE standards."
DEA Deutsche Erdoel AG is an international operator in the
field of exploration and production of crude oil and natural gas
based in Hamburg. Its focus is on safe, sustainable and
environmental conscious exploitation of oil and gas. DEA has 118
years of experience working along the whole upstream value-chain as
operator or project partner. With a workforce of 1,150 employees
DEA has shares in production facilities and concessions in, among
others, Germany, Norway, Denmark, Egypt, Algeria and Mexico.
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