Because the youngest CEO of a NASDAQ-listed firm, Karl Fredrik Staubo brings vitality and verve to his position at Norway’s Golar LNG Ltd.
With vitality business expertise — and the insights of chairman Tor Olav Troim to information him — Staubo has additionally benefitted from what he calls “some supportive business tailwinds”. He and Troim are centered on delivering some thrilling developments at Golar.
Troim, a naval architect and a major Golar shareholder, might be described as “a hands-on resident activist investor”. He has the braveness of his convictions and believes in taking daring motion. He’ll again a good suggestion for the long-term — however stays nimble and versatile sufficient to pivot when new alternatives current themselves, or circumstances change.
This creates a dynamic and fast-paced enterprise surroundings — which is the place Staubo is available in. An energetic man comparable to Troim wants a CEO who can sustain…
Staubo, who has held different govt roles throughout the Golar group and beforehand headed delivery on the investment-banking aspect of Clarksons Platou, quips: “When you dip your hand in, Golar takes your complete arm.”
What differentiates Golar from its friends is exclusive technical, engineering, and operations capabilities. This has incessantly turned Troim’s outside-the-box options to business issues into dependable working actuality.
Troim and Staubo are Norwegian. Impressed by Scandinavian roots and management, Golar has a flat organisational construction and an execution mannequin that facilitates agile decision-making. With typical Scandinavian pragmatism — however in contrast to the LNG business on the whole — Golar’s default place is to “preserve it easy”. Up- and downstream opponents who take a extra complicated stance usually take years to recreate a comparable providing.
Since Staubo took the helm a 12 months in the past, he has overseen Golar’s $5bn sell-off of its fuel to energy enterprise Hygo Power Transition, and its Grasp Restricted Partnership to New Fortress Power. He has reorganised the London workplace, overseen the publication of Golar’s first ESG report, agreed phrases with a cornerstone investor to kind Cool Firm Ltd — which can personal Golar’s delivery belongings — and employed prime expertise to help and develop the upstream FLNG enterprise.
With an equally youthful CFO, Eduardo Maranhao, the pair have refinanced all the corporate’s short-term debt to create a steadiness sheet sturdy sufficient to finance rising FLNG alternatives.