has been appointed Member of the Board of Directors of
Kvaerner Masa-Yards Inc.
Niemi, a Finnish citizen, has broad Finnish and international industry experience. During the years 1989-1997 he was Managing Director and Member of the Board of the Finnish Guarantee Board. From 1997 to 2000 he was Member of the Executive Board of the
World Bank Group, Washington DC, representing Nordic and Baltic
Countries. Since September 2000, he is an independent consultant and
owner of Fasinconsult Inc., a consulting company which offers advisory
services in Investment and Development Finance.
"We at Kvaerner Masa-Yards are very pleased to have Mr. Ilkka Niemi on
board," said Jorma Eloranta
, President and CEO of Kvaerner Masa-Yards.
"His broad knowledge of international corporate financing and industy as
well as his wide relations in the Finnish society are very valuable
assets for us."
The Board of Directors of Kvaerner Masa-Yards Inc.:
Chairman: Karl Erik Kjelstad (President, Aker Kvaerner Yards AS)
Vice Chairman: Leif-Arne Langøy (President and CEO, Aker RGI)
Members: Jorma Eloranta (President and CEO, Kvaerner Masa-Yards Inc.)
Ilkka Niemi (Senior Advisor, Fasinconsult Inc.)
Oddvar Slettevold (Executive Vice President, Aker Kvaerner Yards AS)
Trond Ø. Westlie (Chief Financial Officer, Aker Kvaerner ASA)
Jorma Malinen and Aarne Ukkola (representatives of the personnel of