Subsea 7 has appointed Mark Foley as chief financial officer. Ricardo Rosa will retire from the position at the end of the year.

Foley will assume the role on January 1, 2022. He joins Subsea 7 from Petrofac where he held the position of group financial controller and senior vice president finance for the engineering and construction business unit.

From 2012 to 2017, Foley was group controller at Subsea 7, and held previous roles at Baker Hughes, Royal Dutch Shell and National Power.