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Cubility Appoints Sæveland CFO

November 18, 2014

Cubility AS, an industry  provider of solids control solutions that improve efficiencies and HSE around drilling operations, has announced the appointment of Kai Preben Sæveland as the company’s Chief Financial Officer.


Kai’s role will be to manage the financial performance of the company, taking responsibility for financial control, reporting and cash management and providing strategic financial direction as Cubility looks to grow sales of its core product, the MudCube.


“We are in great position for significant market growth over the next few years and we are delighted that Kai has joined the executive leadership team at Cubility,” said Cubility CEO, Even Gjesdal. “With a strong financial background and experience with some of the oil and gas industry’s leading technology providers, Kai has plenty to contribute to the strategic business development of the company.”


Kai Preben Sæveland continued: “I look forward to working with the Cubility team on the development of the business. The technology is innovative, the value proposition of the product is strong and the MudCube also helps improve operational efficiencies and drive cost savings – two critical drivers in many parts of the world.”


He concludes: “With the team at Cubility having extensive experience and an excellent reputation in the market and supported by solid investors such as Triton Partners, I firmly believe that we have the financial strength and competence to manage the robust growth expected from the MudCube over the coming years.”


Kai joins Cubility on the back of a 15-year career in accounting and financial management, with the last three years spent as Chief Financial Officer at KAEFER Norway, preceded by senior roles at i-TEC, Roxar (now Emerson) and Ernst & Young. Kai qualified as a State Authorised Public Accountant at the Norwegian School of Management.

 

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