Morten Engelstoft has been appointed CEO of Maersk Tankers with effect from January 1, 2014 following Hanne B. Sørensen’s appointment as CEO of Damco. Morten Engelstoft has also been appointed CEO of Services & Other Shipping which consists of Maersk Supply Service, Maersk Tankers, Svitzer and Damco. Maersk Tankers is one of four businesses in Services & Other Shipping which consists of Maersk Supply Service, Maersk Tankers, Svitzer and Damco. The target for Services & Other Shipping is to strengthen the next level of businesses in the Group and reach USD 500 million in operational profit by 2016. Morten Engelstoft brings with him several years of experience from the Maersk Group. He joined A.P. Møller – Maersk in 1986 and has held several positions in the group. He has most recently held the position as COO of Maersk Line. Morten Engelstoft holds an Executive MBA from IMD (2005). Hanne B. Sørensen leaves her position as CEO of Maersk Tankers to become CEO of Damco after Rolf Habben-Jansen, who announced his departure in September 2013.
Horst Binnig was appointed CEO of Rheinmetall Automotive's parent company KSPG AG and will take over beginning January 1, 2014. As Executive Board member of Rheinmetall AG, he will also represent the interests of the automotive sector within the Rheinmetall Group. From the start of 2014 and in both these positions he is succeeding Dr. Gerd Kleinert who after 13 years of successful activities in the Rheinmetall Group is stepping down from his CEO position and enetering retirement.
At its recent meeting in Oslo, Jacob Stolt-Nielsen, 70, informed the Board of Stolt-Nielsen S.A. that as part of the handover of his responsibilities he whished to resign as chairman of the Stolt-Neilsen Transportation Group Limited (SNTG), the Group's chemical transportation business. Jacob Stolt-Neilsen is the founder of SNTG and has been its chairman since 1959. As a pioneer of the deep sea, multigrade parcel trade in chemicals and other specialty products, he remains chairman of SNSA
Luxury cruise line, Silversea Cruises, Ltd., has announced that its owners, Italy's Lefebvre family, have completed a restructuring of its family holdings. As part of this process, Dr. Manfredi Lefebvre has been appointed Chairman of Silversea, assuming this responsibility from his brother Professor Francesco Lefebvre. In his first order of business, Dr. Lefebvre has appointed Albert Peter to the position of CEO, effective immediately.
The Board of Directors of Overseas Shipholding Group, Inc. (OSG) announced the appointment of Morten Arntzen as the company's new President & CEO. Mr. Arntzen, who last served as CEO of American Marine Advisors, Inc., a U.S. based merchant banking firm specializing in the maritime industry, has extensive experience in the international shipping business. Arntzen, 48, will succeed OSG's long-time CEO, Morton P. Hyman, who recently retired at the end of this year.
The Board of Directors of Overseas Shipholding Group, Inc. (OSG) today announced the appointment of Morten Arntzen as the Company's new President & Chief Executive Officer. Mr. Arntzen, who currently serves as Chief Executive Officer of American Marine Advisors, Inc., a U.S. based merchant banking firm specializing in the maritime industry, has extensive experience in the international shipping business. Mr. Arntzen, 48, will succeed OSG's long-time CEO, Morton P
Transocean Inc. has named Jean P. Cahuzac as president and Steven L. Newman as chief operating officer. Cahuzac, who previously served as executive vice president and chief operating officer of the company, will report to Robert L. Long. Long was president and CEO but will now continue as CEO and as a director of the company. Cahuzac joined a predecessor company of Transocean in 1979 and has held various international technical and senior management positions in the oil and gas
Juha Heikinheimo has been appointed as President of Aker Yards' business area Cruise & Ferries and President of Aker Yards Oy in Finland. He will also be a part of the executive management team in Aker Yards. He will be based in Helsinki. Heikinheimo takes over from and reports to Mr. Yrjö Julin, who was earlier this week appointed President and CEO of Aker Yards ASA.
Jukka Murtoaro, currently President of Wärtsilä Singapore, has been appointed Chairman of Wärtsilä's Chinese operations starting from January 1, 2004. Murtoaro will relocate in Shanghai. In his new position he will report to Ole Johansson, President & CEO of Wärtsilä Corporation. Mr Richard Wang, President of Wärtsilä China Ltd. and Mr Matti Mikkonen, Senior Vice President, Corporate Ventures will continue in their present positions reporting to Jukka Murtoaro.
Thuraya Telecommunications Company, a mobile satellite communications company, appointed Samer Halawi as Chief Executive Officer. Halawi assumed the office on January 23, 2011 following the return of Yousuf Al Sayed to the Etisalat Group. Halawi has held several leadership positions in major regional and international telecom firms. Most importantly, he brings with him several years of experience in managing satellite telecom businesses and major customers across the Middle East
Wärtsilä Corporation's, Annual General Meeting, on 6, March 2014, amongst various other matters, approved the Board of Directors' proposal to pay a dividend of EUR 1.05 per share to shareholders on 18, March 2014. Briefly: The AGM also approved the following fees to the members of the
Cobham SATCOM has appointed Paul H. Jona as its new Senior Vice President (SVP). Starting March 03, 2014 Paul will work alongside incumbent SVP Walther Thygesen. After completing seven years of service as CEO of Thrane & Thrane A/S, and since July 2012 heading up Cobham SATCOM as SVP
The Danish Export Association’s Diploma, and His Royal Highness Prince Henrik’s Medal of Honor, was awarded to VIKING Life-Saving Equipment’s Korean representative, J.W. Lee, for close to thirty years’ of successful business partnership.
Hertel hereby announces that Victor Aquina, currently Managing Director of the Hertel Caspian region and the former CEO of Nacap, will be appointed as CEO of Hertel as of 1 April 2014. He will succeed Paul Broekhuijsen who will leave the company as of April 1
Teekay Corporation and Teekay Tankers Ltd. announced that Bruce Chan, Chief Executive Officer of Teekay Tankers and President of Teekay Tanker Services, has informed the Company of his intention to resign from his position effective June 20, 2014 after more than 18 years of service with the Company
Henning Nordgulen has been appointed Chief Financial Officer (CFO) of shipbuilders & offshore service providers Bergen Group ASA. Bergen CEO Asle Solheim said he was very pleased that Nordgulen had accepted the engagement: “Mr. Nordgulen has a comprehensive background from leading
Bel-Ray Company Inc. said it has appointed the Marine Markets West, LLC as sales representative in the Western United States and British Columbia in Canada, and was selected for the William F. Miller agency for representation in the Southeastern region of the United States
Enteq Upstream PLC (Enteq), a provider of systems and components for Measurement While Drilling (MWD) and directional drilling, has appointed Andrew Bridges as head of engineering, announced Enteq CEO, Martin Perry. Initially based in Enteq’s West London, UK
After the acquisition of 66.4% of the shares by Finnish Industry Investment Ltd (fully owned by the State of Finland) Aker Arctic Technology Inc.’s extraordinary shareholders’ meeting today appointed the new Board of Directors for the company.
BAE Systems announce that Tom Arseneault has been appointed chief operating officer (COO) of BAE Systems, Inc., the U.S. subsidiary of BAE Systems plc. He will serve as deputy to President and CEO Jerry DeMuro and will continue to be a member of the Group Executive Committee.
Nordic Shipholding A/S has appointed Thome Ship Management Pte Ltd and Columbia Shipmanagement (Singapore) Pte Ltd as new technical managers of its vessels replacing TB Marine Shipmanagement GmbH & Co. KG. The change in technical manager involves one-off costs.
Decision Sciences International Corporation (DSIC), an advanced technology provider of security and detection systems, today announced that The Honorable Jayson P. Ahern, former Acting Commissioner of U.S. Customs & Border Protection, was appointed to the company's Advisory Board
At an extraordinary board meeting in Scania the board of Scania – excluding Martin Winterkorn, Hans Dieter Pötsch, Francisco J. Garcia Sanz, Leif Östling and Ferdinand K. Piëch – has decided to appoint an independent committee
According to a recent report from PwC, transportation & logistics, CEOs are more optimistic this year compared to last despite having some big worries, like transport infrastructure readiness. Theyre currently focusing on developing a strong workforce, where they need it
Dr Robin Bidwell CBE has been appointed as LOC Group chairman informs the London-headquartered international marine and engineering consultancy and survey company. LOC add that for 35 years, Dr Bidwell built and led Environmental Resources Management (ERM) the global environmental advisory firm