Economics And Business Administration News

Norwegian offshore vessel owner Eidesvik Offshore has named Helga Cotgrove as Chief Financial Officer (CFO). Cotgrove will join Eidesvik Offshore October 1, 2022 at the latest. She has more than 20 years of energy sector finance experience in various roles within M&A, strategy, tax, finance, accounting, and auditing. She comes from the position as CFO in Norsk Solar AS. Cotgrove previously worked as Halliburton's director of corporate development in Houston, where she was in charge…

Oslo-listed LNG FSRU specialist Höegh LNG has appointed Erik Nyheim as the new President & CEO, effective from mid-August this year.Nyheim comes from the position as Partner of Boston Consulting Group's Norwegian office where he has successfully led their maritime practice since 2019. Prior to this, he worked for more than 15 years with the Wilhelmsen group. Nyheim holds a BSc Economics and Business Administration from the Norwegian School of Business and Administration (NHH) in Bergen.Chairman of the Board,  Morten W.

Knut Arild Hareide has been appointed by the King in the Council of State as Director General of Navigation and Shipping for the Norwegian Maritime Authority for a period of six years. Hareide will take up the role on January 1, 2022."We are delighted to congratulate Knut Arild Hareide on his appointment and look forward to working with him in the years to come," says Acting Director General of Navigation and Shipping, Lars Alvestad.The Ministry of Trade, Industry and Fisheries…

The floating liquefied natural gas (LNG) company  Höegh LNG Holdings announced that Håvard Furu is appointed as new Chief Financial Officer (CFO) of Höegh LNG AS effective 1 March 2019.The interim CFO, Steffen Føreid, will step down effective 1 March 2019 and will from then continue in his role as Chief Executive Officer and Chief Financial Officer of Höegh LNG Partners LP.Håvard Furu comes from the position as CFO of law firm Wikborg Rein. Before that he was CFO in Western Bulk in the period 2009 to 2017 and was formerly employed by BW Gas as Assistant Director Strategy and Finance.From 1997 until 2005 he held various positions within auditing with PriceWaterhouse Coopers. Mr.

Norwegian offshore shipping company GC Rieber Shipping announced acting chief executive officer Einar Ytredal has appointed to the CEO role on a permanent basis. At the same time, Øystein Kvåle was named new chief financial officer (CFO) and Christoffer Knudsen was promoted to chief commercial officer (CCO).Ytredal was appointed acting CEO in mid-September 2018. He has been with the company since 2007, first as vice president finance and then as CFO since September 2011. Before joining GC Rieber Shipping, Ytredal worked at Deloitte.

Norway based dry bulk shipping company Golden Ocean Group Limited IGOGL) has announced that Ulrika Laurin and James O'Shaughnessy have been elected as new board members.Ulrika Laurin has been the Executive Chairman of ship-owning company Anglo-Atlantic Steamship Co. Ltd. and the Chairman of Laurin Shipping AB, an international ship-management company.She has served as the CFO of Anglo-Atlantic Steamship Co. Ltd. and as Commercial Manager of Laurin Maritime (UK) Ltd. Prior to that, she worked with fund manager Tufton Oceanic Ltd. and with management consultant Karlöf & Partners. She holds a Master of Science degree in Economics and Business Administration from the Stockholm School of Economics.James O'Shaughnessy has been an Executive Vice President…

Jan Arve Haugan resigns as President & CEO of Kvaerner, and from March 1, 2018, he will start his new role as CEO of the newly established oil company Aker Energy. Idar Eikrem, Executive Vice President and Chief Financial Officer in Kvaerner, is appointed interim CEO. Haugan has been President & Chief Executive Officer with Kvaerner since its demerger from Aker Solutions and stock listing in the summer of 2011. "Under Jan Arve Haugan's management, Kvaerner has developed into a leading, renowned oil service company with EPC services as our specialty. Competitiveness, project execution and, ultimately, the results, have continued to improve.

Prosafe, owner and operator of semi-submersible accommodation vessels, informs that its Chairman, Harald Espedal, has notified the company that he will step down from his position as Chairman and Director of the Board “for work load reasons”. Prosafe’s board has accepted the resignation and appointed Glen O. Rødland as interim Chairman of the Board. Rødland, currently a senior partner at HitecVision, has 25 years experience in shipping, oil and gas and other industries, with extensive experience as an analyst and in corporate finance.

Marine geophysical company Polarcus announced it will implement further measures to cut costs, including additional headcount reductions and changes to the executive management team. The expanded cost reductions are part of a longer term plan that aims to help Polarcus withstand a prolonged difficult market as well as to take advantage of opportunities in this volatile environment, the company explained. As part of the cost management program implemented at the end of 2014, personnel reductions now total 26 percent.

Electromagnetic Geoservices ASA (EMGS) has appointed Hege A. Veiseth (38) as acting CFO of the company effective from 1 January 2016, following the resignation of Svein Knudsen.   Hege has worked for EMGS since 2007 and is currently the Group Finance Manager of the company. Prior to joining EMGS, she worked as an auditor for EY for 7 years, including as auditor for EMGS. Hege has a MSc in Economics and Business Administration from the Norwegian School of Economics (NHH) and a MSc in Accounting and Auditing from the Norwegian Business School (BI).

Höegh LNG Holdings Ltd. has appointed Mr. Jørgen Kildahl to the Board of Directors of the Company with effect from 15 September 2015. The Board now consists of eight members. Kildahl has since 2010 been a Member of the Board of Management (Vorstand) in E.ON SE. He served as an Executive Vice President in Statkraft AS from 1999 to 2010, where he was also part of the Executive Management Board from 2001. Mr. Kildahl has also held positions in a PR consultant group, as fund manager and served at several boards. In his previous positions, Mr. Kildahl has been involved in international business development and leading organisational restructuring and development. Mr. Kildahl holds a M.Sc.

Hiab, part of Cargotec, has appointed Ghita Jansson-Kiuru as Vice President, Human Resources. She will be responsible for Hiab's global human resources strategy and development. The starting date is open until her succession is in place, however, it will be no later than in October. Ghita has more than 20 years of excellent track record of international HR and leadership development during, which she has held various positions in HR, general management, marketing, operation, and sales. Most recently, Ghita worked as Senior Vice President, Human Resources at Metsä Tissue. Ghita has a Master's Degree in International Marketing from the Swedish School of Economics and Business Administration in Helsinki, Finland. She will be located in Helsinki, Finland.

Yara International ASA has appointed Terje Knutsen as Head of Downstream. He succeeds Egil Hogna, who has submitted his resignation. Knutsen will assume his new position on 1 May 2015. Yara's Downstream business unit manages the company's global sales, marketing and distribution of fertilizers. Terje Knutsen currently heads Yara's business unit for Downstream activities in North & East Europe. Prior to this, he was Head of Business Unit Asia. Aged 52, Knutsen holds a Master's degree in economics and business administration from the Norwegian School of Economics (NHH). Since joining the company in 1987, he has had an extensive international career, working twelve years outside Norway. Knutsen will be part of Yara's executive management team and report to the President and CEO.

Norwegian Energy Company ASA has appointed Odd Arne Slettebø as Chief Financial Officer (CFO). Odd Arne Slettebø replaces Tommy Sundt who has been appointed new CEO of the Company. Slettebø joined Noreco in August 2012 and was until now Group Finance Manager of Noreco. “I am very pleased to announce that Odd Arne Slettebø will be my successor as CFO. He is highly skilled and knows the Company very well, which will secure continuity in the team,” says Tommy Sundt, CEO of Noreco. Slettebø is a state authorised public accountant and holds a master degree in Accounting and Auditing from Norwegian School of Economics and Business administration (NHH), in addition to a Bachelor degree in Business administration from Bergen University College.

Torgeir Kvidal is appointed Acting CEO effective 7 October 2014, and Jørgen Ole Haslestad has resigned as Yara CEO. "Yara's Board have concluded that Haslestad is not the right person to lead the company going forward, also in light of the on-going talks with CF Industries. Haslestad would not have a role in a potential merged company," says Leif Teksum, Chairman of the Yara Board of Directors. "I would like to take this opportunity to thank Jørgen for his contribution to Yara, first as a Board member and since 2008 as CEO. Yara has made considerable progress under Haslestad's leadership," says Teksum. "The discussions with CF Industries will continue with Kvidal leading the Yara team, with support from the Board and in particular from me as Chairman," says Teksum.

MCP’s Board of Directors appointed Frode Støldal as new CEO for the Telenor subsidiary. Støldal replaces MCPs founder, Knut Fjellheim, who has served as interim-CEO and now returns to his previous role as COO/CTO. Frode Støldal has vast management experience from across the Telenor-Group. Prior to his role as CTO in Telenor Norway where he was responsible for deploying a new LTE (4G) network, Støldal served as Head of Technology for Telenor in Asia, responsible for industrialization and common technology projects across Telenor Group.

Northern Marine, a builder of long-range expedition yachts, luxury craft and commercial boats, has announced the expansion of its management team. Jan Kallshian, Bryan Kay, Randy Stoneman and Mark Allred bring their talents and experience in business, finance, design and boatbuilding to the Anacortes, Washington-based company. New company CFO Jan Kallshian has been a self-employed business and financial consultant for 20 years. Prior to this, he was controller for Northwest Marine Technology for 10 years and worked in public accounting for seven years. Kallshian also serves as an active volunteer for Habitat For Humanity. In his position as Northern Marine's controller, Bryan Kay manages the company's accounting operations.

Wilhelmsen Ships Service has appointed Vidar Hole to the position of Business Director responsible for the Maritime Logistics Services portfolio. Hole will drive the design, development and launch of new offers in line with the company’s strategy and identified market and customer needs, across its range of logistics services. This includes developing new services, with particular focus on more complex logistics projects to ensure that they respond to customers’ needs. In addition…

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.

Raimo Lind, MSc (Econ.), Group Vice President, CFO, and Mikael Mäkinen, MSc (Eng.), Naval Architect, Group Vice President, Ship Power, have been appointed Executive Vice Presidents of Wärtsilä Corporation with effect from 1 January 2005. Mr Lind will also act as deputy to President and CEO Ole Johansson. Wärtsilä's current Executive Vice President, Sven Bertlin, retires on 31 December 2004. Raimo Lind, born 1953, holds a Master's degree in Economics and Business Administration. He has been Group Vice President, CFO, of Wärtsilä and a member of the Board of Management since 1998. He was employed by the company between 1976 and 1989, and then rejoined in 1998. He has broad-ranging experience of financial management and international business management.