Mckinsey Company News

Hornblower Group on Monday announced the promotions of several key members of its leadership team.“These changes within the leadership team represent a significant milestone for Hornblower Group as we forge ahead in working toward our company’s ambitions goals,” said Kevin Rabbitt, Chief Executive Officer for Hornblower Group. “I have full confidence that this group, with their impressive backgrounds and extensive industry knowledge, will significantly contribute to supporting our company's overall business strategy and lead us toward a successful future.

Eric Chewning, former chief of staff to the U.S. Secretary of Defense and deputy assistant secretary for industrial policy, is joining HII as executive vice president, Strategy & Development, reporting directly to HII President and CEO Chris Kastner. Chewning assumes the role on Jan. 30.Chewning joins HII as it grows its customer set across the armed forces and executes on its significant shipbuilding backlog for its primary customer, the U.S. Navy. HII is the nation’s only builder of aircraft carriers and its largest military shipbuilder…

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil. Seacor Marine’s John Gellert, in reviewing its Q2 results, said: “Activity levels in the U.S.

Hapag-Lloyd has announced that Maximilian Rothkopf  is to be its new chief operating officer (COO). He will take over as new COO of Hapag-Lloyd when Anthony J. Firmin retires in late June.Maximilian Rothkopf, who holds a master's degree as well as a doctorate in business administration, has been a Partner since 2014 at McKinsey & Company, where he has been a member of the global Travel, Transport and Logistics (TTL) leadership team. He started his career in 2005 at the management consulting firm, where he has particularly provided advice to larger liner shipping companies, airlines and numerous other globally operating logistics companies.In his new role as the COO of Hapag-Lloyd…

Nimble and quick, unmanned aerial vehicles have evolved into a valuable tool for marine and offshore applications.When a U.S. oil tanker conducts a Critical Area Inspection Plan (CAIP) as required by ABS, it is an onerous process. For example, each tank requires seven days of set up with scaffolding and staging. An ABS inspector and UDT technicians must access, and be carefully lowered into the tank with instrumentation and tools. Inspection points in far reaching places are surveyed.

The container shipping industry is expected to continue to struggle with overcapacity and an inability to deliver value to shareholders, warns consultancy McKinsey & Company in its latest report. As container lines search for successful paths forward, they need to first determine what their strategy and potential role in the continuing industry consolidation will be. While mergers will continue, they do not need to be feared, just managed—and the guidelines in this report provide a starting point. "Bad times will persist, despite the value container shipping brings to the world,"  warns the report. Container shipping brings significant value to the world, yet delivers little to its investors.

The board of Norautron Group AS has appointed Trond K. Johannessen as president and CEO, effective as of June 1, 2017.   Johannessen comes from the position as CEO of Hatteland Display AS. He has also been part of the executive management team in Tomra Systems ASA for several years and worked as a consultant for McKinsey & Company.    In addition to his new role, Trond K. Johannessen will maintain his duties as CEO of Hatteland Display AS until further notice.

The report by Global consulting company McKinsey & Company that Daewoo Shipbuilding & Marine Engineering (DSME) is least likely to survive among the big three shipbuilding companies has brought about strong opposition from DSME. McKinsey Korea has issued its preliminary report on the state of South Korea's shipbuilding industry, and its conclusions are dire: McKinsey believes that Daewoo Shipbuilding and Marine Engineering may not survive past 2020, due to a forecast negative operating margin and a liquidity shortfall reaching as much as $3 billion. "Due to the global downturn in the shipbuilding industry, it's inevitable that Korea's three shipbuilders will face harsh losses.

International marine and engineering consultancy LOC Group has appointed Jerome Rutler to the newly created post of Group Chief Operating Officer, responsible for LOC’s global operations including marine assurance and risk, energy and shipping sectors. Rutler has worked for more than 20 years in the oil and gas, petrochemicals and marine industries for a variety of companies, EPCI (engineering, procurement, construction and installation), consultancy and technical advisory. He also has experience as a company director, with particular expertise in management, operations and strategy. Rutler joins LOC from Bureau Veritas where he has worked for 13 years, most recently as vice president, corporate development for the Marine, Oil and Gas division.

In the power sector DNV GL supports the industry in delivering a secure, sustainable, available and affordable energy supply. In his new role Hans Tormod Hansen will be responsible for offering energy advisory services to the Scandinavian market, assisting power transmission and distribution companies with strategic advice, planning, implementation and energy delivery optimization – from policy to use. “Having started my career at DNV, I’m fascinated by how the company has evolved over the years,” said Hans Tormod. “Scandinavia’s current energy transition offers many opportunities and I am excited to share DNV GL’s expertise in transmission and distribution, risk management and renewables with the energy industry in the region.

Rolls-Royce announce that Ian Davis will succeed Sir Simon Robertson as Chairman. Mr. Davis will join the Board as a non-executive Director on 1 March 2013 and take over from Sir Simon at the conclusion of the Annual General Meeting on 2 May 2013. Ian Davis spent more than thirty years with McKinsey & Company, including six as Chairman and Worldwide Managing Director. He serves, as a non-executive Director, on the Boards of BP and Johnson & Johnson and is a non-executive member of the Cabinet Office Board.

Trond K. Trond K. Johannessen, President & CEO, Hatteland Display, shares with MR his insights on the evolution and future direction of this Marine Electronics subsector, modern marine displays. Please tell us how you came to lead Hatteland Display. As so often in life, it was a coincidence that I got introduced to Hatteland Display in 2008 by a former colleague from McKinsey &Company that had contacts in the Board of Hatteland Display. One thing lead to another and in early 2009 I started as CEO and my former colleague as CFO.

Rowan Companies, Inc. (NYSE: RDC) announced that Thomas P. Burke has been appointed to serve as the Company's Chief Operating Officer, and Melanie M. Trent has been appointed to serve as Senior Vice President, Chief Administrative Officer and Corporate Secretary. Burke, who joined the Company in December 2009, previously served as the President and Chief Executive Officer of the Company's manufacturing subsidiary, LeTourneau Technologies, Inc., which was sold to Joy Global in June 2011. Prior to such time, he was employed by Complete Production Services, an oilfield services company, as a Division President from 2006 to 2009, and as Vice President Corporate Development from 2004 to 2006. Before joining Complete Production, Mr.

The board of Hatteland Display has employed Trond K. Johannessen as its new President & CEO, starting Feb 1, 2009. The appointment follows a growth period where the company has increased revenue from $9.4m in 2000 to $48.5m in 2007. Hatteland Display's current President & CEO, Knut Vidar Lauritsen, who handed over the baton to Trond Johannessen, will remain in a key management role, focusing on innovation, product and business development. Trond K. Johannessen comes from Tomra Systems ASA, where he has been a Senior Vice President, managing one of the corporation's key-business areas.

Keppel FELS Ltd (Keppel FELS), designer and builder of offshore rigs, has won the Maxa 2008 Award, which recognizes the innovation and operational excellence in manufacturing. Keppel FELS was the only offshore mega-structure company among the six finalists hailing from across the electronics, semiconductor and bio-medical sectors. This Maxa Award, the first for a Singaporean enterprise, was presented to Keppel FELS at a ceremony on Nov. “What Keppel FELS has achieved is impressive across several dimensions.

Rainer Schöndube, Member of the Executive Board at Germanischer Lloyd AG, will resign from office leaving the management on September 300. He will, however, stay affiliated with Germanischer Lloyd as adviser. With his retirement Schöndube, who has been responsible for the commercial field and the Industrial Services at Germanischer Lloyd, gives way for a change in the Executive Board. On September 1, 2007 the Executive Board of Germanischer Lloyd will be extended by Dr Joachim Segatz. Dr Segatz will take over Mr Schöndube's finance division. Dr Segatz studied Mechanical Engineering with emphasis on aircraft construction and fluid mechanics at the Technical University Braunschweig, Germany.