EnergyWatch

Noreco chair: "We have underperformed substantially"

The Norwegian oil company has failed to deliver both on its transformation strategy and shareholder returns, says Noreco Chair Riulf Rustad as the group's CEO, David B. Cook, announces his resignation Monday.

Photo: PR / Noreco

It's simply been inadequate.

That could be said – somewhat simplified – in reference to Norwegian oil company Noreco's performance and the resignation of the company's chief executive, David B. Cook, effective from today.

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