PG Flow Solutions (PG) has promoted Steve Paulsen to the role of Chief Executive Officer (CEO). Mr. Paulsen succeeds Roy Norum, who has become Executive Vice President sales and business development.
The change is part of a long-term succession plan that was mapped out in 2014, when Norvestor VI LP, a fund advised by Norvestor Equity AS, became the majority owner of PG. The search for PG’s next generation top executive started immediately; in 2015 Mr. Paulsen joined the company as its first Chief Operating Officer (COO).
Prior to joining PG, Mr. Paulsen spent almost a decade with Siemens, as head of operations within energy, oil and gas solutions, head of global sales and project execution, and head of sales and regional support.
“Having worked closely with Roy for the past three years, I know how demanding the CEO role is. But we have planned this change since 2015 so it is great to finally make it happen. PG is a fantastic company and I look forward to leading this highly capable team. Having Roy continue in such a vital role is also a major advantage, both to PG and in support of my new function”, said Mr. Paulsen.
Mr. Norum said: “Sales and business development have always been closest to my heart, so I look forward to dedicating myself to this role full time. The maritime and oil and gas industries have been through a couple of challenging years, but we are finally seeing signs of recovery in these markets. In addition, we are rapidly expanding into new sectors, such as the aquaculture and fisheries segments. This positive momentum is something we aim to capitalise fully on”.
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