Seadrill Ltd.’s board of directors has appointed Ørjan Svanevik to fill the vacant board position, following the resignation of Carl Erik Steen, according to a news release.

Svanevik, who will join the board Oct. 27, is an employee of the Seatankers Group. He was previously managing director for the investment advisory firm, Oavik Capital, the release said. Prior to Oavik, he was head of M&A and a partner at Aker ASA, and COO and EVP of Kvaerner ASA. Svanevik also worked nearly a decade in corporate advisory and investment banking. He started his career at Schlumberger, where he held various international financial management positions. Svanevik has an advanced management program from Harvard Business School and a MBA from Thunderbird.