GulfNav Appoints Kristiansen CEO

Gulf Navigation Holding PJSC (DFM: GULFNAV), has recently announced the appointment of Mr. Per Wistoft Kristiansen as Chief Executive Officer. Per will lead the company's expansionary mission of growth. Kristiansen has 29 years of experience across Europe, Asia and the United States. He worked as managing director at Transpetrol Belgium and previously headed the port of Esbjerg in Denmark, and served maritime and shipping companies like D/S Norden A/S, Toro Energy Sam, and A.P Moller Group. Kristiansen holds an MBA from Scandinavian International Institute Copenhagen and speaks seven languages. Per will officially assume his duties on February 1st 2009. (www.gulfnav.com)