In Memory of Ingvild Sæther

We are deeply saddened to share that our inspirational and much-loved CEO, Ingvild Sæther, passed away on October 27, surrounded by her closest family.

Ingvild had faced serious health challenges over the past two years, which she met with the same strength and optimism that defined her leadership of Altera Infrastructure. Throughout this time, she remained deeply engaged and continued to care profoundly about the people and the company she led.

Ingvild’s career spanned more than three decades in the maritime and offshore industry. She joined Teekay in 2002 following the acquisition of Navion from Statoil and held several senior leadership roles before being appointed President and CEO of Altera Infrastructure in 2017. She also served on several boards and was highly respected across the sector for her insight, vision and values.

Under her leadership, Altera became not only a company with a bold vision for the future but also with a workplace and fleet that were vibrant, inclusive, and safe. She wanted every part of Altera; from the offices to the vessels and offshore units, to be places where people thrived, felt valued, and were proud to belong. She believed work should be meaningful and collaboration enjoyed, no matter where in the world you were based.

A true visionary and a driving force for the green transition within our industry, Ingvild combined strategic clarity with genuine human warmth. She had a strong belief in people and an extraordinary ability to bring out the best in each individual and in the organization as a whole.

Duncan Donaldson, who has been acting as CEO during Ingvild’s period of illness and who will continue in the role going forward says, “Those who knew Ingvild remember her as curious, courageous, and deeply compassionate; a leader who listened carefully, who cared about her colleagues’ lives both inside and outside of work and who inspired confidence simply by being herself. She was unpretentious and open to the thoughts and ideas of others, always approaching both challenges and people with kindness and humor. Our thoughts and deepest condolences go to Ingvild’s family and loved ones during this difficult time”.