Equinor Begins Search for New CEO

Norwegian oil producer Equinor has started a search for a new chief executive, the Stavanger Aftenblad newspaper reported on Friday, citing unnamed sources.

CEO Eldar Saetre, 63, who led the company through the oil market’s downturn in 2014-2016, has not set a date for his departure, but could step down in 2020, the newspaper reported.

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