TGS Announces New Chief Financial Officer (CFO)
Asker, Norway (17 February 2020) – TGS has today appointed Fredrik Amundsen as the new Chief Financial Officer (CFO) of the company. He has been with the company for 16 years and comes from the position as Executive Vice President (EVP) Europe at TGS.
Kristian Johansen, CEO at TGS, stated: "Following the acquisition of Spectrum in August 2019, TGS has been through a period of integration and right-sizing of the organization to realize synergies. We are now moving into a phase where our focus will be on realizing maximum value and efficiency from our internal operations. Few people know the TGS operations better than Fredrik Amundsen, and I am positive that he will contribute to further developing the company in his new capacity as CFO.
He added: “Dean Zuzic joined TGS as CFO through the acquisition of Spectrum in 2019. We would like to thank him for his great contribution during the integration phase and wish him best of luck in his future endeavors.”
Fredrik joined TGS in 2003 as Financial Controller and has since served TGS in a variety of capacities. These include several positions in the Finance department, including Director of Finance and Interim CFO. Thereafter, he held a number of commercial roles, responsible for business units in Asia Pacific and Europe/Russia. Fredrik received a B.A in Business Administration from Washington State University in 2001.
Rune Eng, EVP of Southern Hemisphere will take over the executive responsibility for the Europe business following Fredrik Amundsen’s move into his new role.
About TGS
TGS provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, machine learning and data integration solutions.
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principal customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data product at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
For more information, visit TGS.com or contact:
Kristian Johansen, CEO
Chief Executive Officer
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
