Noreco switches CEO: "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](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article13508370.ece/ALTERNATES/schema-16_9/doc7im9fndz1vq1asm07jq8.jpg)
It's simply been inadequate.
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