World leader in AI Seismic Interpretation software, Geoteric, has announced a leadership transition with the appointment of a new CEO
NEWCASTLE, UK August 1, 2024– Foster Findlay Associates Limited (trading as Geoteric) announced today that Mitch Sutherland will succeed Nicola Blanshard as Chief Executive Officer, effective August 1, 2024.
After 13 years of dedication to the business, over half as CEO, Nicola Blanshard leaves Geoteric to focus on a new chapter in her career. Commenting on the CEO succession, Jan Grimnes, Chair of Geoteric, said ‘The Board of Directors joins me in thanking Nicola for her loyalty and exceptional service. Under her leadership, Geoteric was transformed to position the business for significant growth and success in existing and new markets. We wish her well for the future.’
‘It has been a privilege to lead Geoteric since 2018,” said Nicola Blanshard. “I am incredibly proud of what we have accomplished together, and I am confident that the Company will continue to thrive.’
Mitch Sutherland has held a variety of senior management roles, most recently as UK & Africa Managing Director, Cegal Ltd.
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‘I am honoured to be chosen to lead Geoteric and its world-class team, at a very exciting time for the Company. I look forward to delivering exceptional value to our customers and stakeholders. Together, we will build on the strong foundation laid by Nicola Blanshard and the Board of Directors.’ Mitch Sutherland, CEO, Geoteric |
Jan Grimnes remarked, ‘The Board of Directors welcomes Mitch: he has a thorough knowledge of our industry, a proven track record, and we are confident that he will guide Geoteric successfully into the next phase of growth and innovation.’
About Geoteric
Geoteric is an international technology company with over thirty years of experience innovating and delivering best-in-class subsurface technology solutions, and a key enabler of the energy transition.
Originating from the medical imaging industry, Geoteric has led the analysis of seismic data over the last 30 years and pioneered AI Seismic Interpretation by becoming the first to market commercial AI interpretation solutions in 2019.
Geoteric offers software and services to the Energy sector and has successfully worked with companies to adopt AI into their seismic interpretation workflows for energy companies, CCS projects and mining operations, as well as delivering hundreds of AI projects to its growing global customer base. Geoteric is based in Newcastle with offices in London, Houston, Dubai, Rio de Janeiro, Kuala Lumpur, and Perth, and currently has 56 employees.
