Subsea 7 Announces Executive Management Changes

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Subsea 7 S.A. (the Company) (Oslo Børs: SUBC, ADR: SUBCY) has announced a change to its Executive Management Team, which will take effect on 1 January 2018.

Øyvind Mikaelsen has decided to step down from his role as Executive Vice President Commercial and will be leaving Subsea 7 in the second quarter of 2018.

Mr. Mikaelsen will be succeeded on 1 January 2018 by Stuart Fitzgerald who will be appointed as Executive Vice President Strategy and Commercial and will be a member of the Executive Management Team. Stuart, who is currently the Vice President for Strategy and Technology, will assume the responsibility for the commercial activities of the SURF and Conventional Business Unit as well asAsset Development, Sales and Marketing, Strategy and Technology, and the Alliances.

Jean Cahuzac, CEO said 'I would like to thank Øyvind for the invaluable contribution that he has made to the Company over the past 25 years and wish him every success for the future. We are very pleased to welcome Stuart to the Executive Management Team and look forward to his continued contribution to the future of Subsea 7.'

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