Subsea 7 S.A. announces that, with effect from 1 January 2015, it will be changing the organisational structure of its business to better align it to the Group’s strategic priorities. The changes are also designed to further strengthen the Group’s execution capabilities and competitiveness.
The new organisational and segmental reporting structure will comprise two Business Units, which replace the existing four geographical Territories, and a Corporate segment.
The Northern Hemisphere and Life of Field Business Unit will comprise: - UK and Canada Region - Norway Region - Gulf of Mexico Region - Life of Field Business - i-Tech Division
The Life of Field Business and i-Tech Division will be managed globally.
The Southern Hemisphere and Global Projects Business Unit will comprise: - Africa Region - Asia Pacific and Middle East Region - Brazil Region - Global Projects