EnergyWatch

Welltec founder sells stake, resigns as CEO

Jørgen Hallundbæk steps down as CEO of Welltec, at the same time selling part of his stake in the company.

Photo: Welltec

Back in 1994, Jørgen Hallundbæk founded oil company Welltec, which, as the name indicates, specializes in technology used for oil wells – robots in particular.

Now, the founder steps down from daily management and hands the title of chief executive to the firm's current chief commercial officer, Peter Hansen. This happens alongside Hallundbæk selling part of his shares to the two other major stakeholders in Welltec, investment companies 7-Industries and Exor.

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