Subsea 7 Announces Proposed Nominations to Board of Directors

Subsea 7 S.A. announced proposed nominations to its Board of Directors ahead of the AGM on May 8, 2025. The nominations include the election of Lucia de Andrade as an Independent Director and the re-election of Eldar Sætre and Elisabeth Proust van Heeswijk as Independent Directors. Louisa Siem and Treveri Sà r.l. will also be re-elected as Directors.

Subsea 7 S.A., a leading provider of offshore engineering and construction services, has announced proposed nominations to its Board of Directors ahead of the Annual General Meeting (AGM) on May 8, 2025 [1]. The proposed changes include the election of a new Independent Director, the re-election of two Independent Directors, and the re-election of two existing Directors.

The Board of Directors proposes the election of Lucia de Andrade as an Independent Director. Ms. de Andrade brings extensive experience in the energy and infrastructure sectors, having held senior leadership positions in various multinational corporations [2]. Her addition to the Board is expected to strengthen Subsea 7's strategic decision-making and risk management capabilities.

Two existing Independent Directors, Eldar Sætre and Elisabeth Proust van Heeswijk, are proposed for re-election. Both directors have served on the Board for several years and have contributed significantly to Subsea 7's growth and success [1]. Their re-election ensures continuity and stability in the Board's decision-making processes.

Louisa Siem and Treveri S.à r.l., a Luxembourg company, are also proposed for re-election as Directors. Mr. Siem, the permanent representative of Treveri S.à r.l. on the Board, has extensive experience in the offshore industry and has served on the Board since 2018 [1]. His re-election, along with Treveri S.à r.l.'s, ensures that the company maintains its strong industry connections.

The departure of Independent Director Dod Fraser, who has served on the Board for over 13 years, is a significant loss for Subsea 7. The Board would like to thank Mr. Fraser for his valuable contribution to the company and wishes him all the best in his future endeavors [1].

Subsea 7's commitment to sustainable value creation is reflected in its proposed Board nominations. The company is listed on the Oslo Børs and is dedicated to delivering the offshore energy transition solutions the world needs [1].

References:
[1] Globenewswire. Subsea7 announces proposed nominations to the Company's Board of Directors. 17 March 2023. https://www.globenewswire.com/news-release/2023/03/17/2629295/0/en/Subsea7-announces-proposed-nominations-to-the-Company-s-Board-of-Directors.html
[2] Offshore Source. Subsea7 announces proposed nominations to its Board of Directors. 17 March 2023. https://www.offshoresource.com/news/company-updates/subsea7-announces-proposed-nominations-to-its-board-of-directors