(WO) – Subsea7 announced that Chief Executive Officer John Evans will retire on June 30, 2026, after more than four decades with the company and its predecessor organizations. Evans, who has served as CEO since 2020, will be succeeded by Stuart Fitzgerald, currently CEO of Seaway7, effective July 1.
Evans joined the company 40 years ago and previously served as Subsea7’s chief operating officer for 14 years before being appointed CEO. The company said the board will propose Evans for election as a director at its annual general meeting scheduled for May 12, 2026.
Fitzgerald has led Seaway7, Subsea7’s offshore wind installation business, since 2022. He joined Subsea7 in 1998 and has held several senior roles within the group, including executive vice president of commercial and executive vice president of strategy and alliances.
The leadership transition comes as Subsea7 continues preparations for its proposed merger with Saipem. Upon completion of the transaction, Fitzgerald is expected to serve as CEO of the combined entity, currently referred to as Saipem7.
Subsea7 Chairman Kristian Siem said Fitzgerald has the board’s full support as he assumes the leadership role, citing his operational and strategic experience within the organization and his role in improving Seaway7’s performance in recent years.
