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Aker Kvaerner Asa News

16 Jun 2011

Kvaerner Announces Election of New Board Members

The Directors to Kvaerner's Board have been elected. From Kvaerner's first day of trading on the Oslo Stock Exchange in July 2011, the Board of Directors will consist of five shareholder-elected members as well as three members elected by Kvaerner's employees. The shareholder-elected members are Kjell Inge Røkke (chairman), Tore Torvund, Bruno Weymuller, Lone Fønss Schrøder and Vibeke Hammer Madsen. The employee-elected members are Rune Rafdal, Ståle Knoff Johansen and Bernt Harald Kilnes. Kjell Inge Røkke is an entrepreneur and industrialist, and has been a driving force in the development of Aker since the 1990s. Mr. Røkke owns 67.8 percent of Aker ASA through The Resource Group TRG AS.

17 Jan 2008

Aker Kvaerner Wins Contracts from Daewoo

Norwegian engineering, construction and technology group Aker Kvaerner ASA has secured two drilling riser systems contracts from Daewoo Shipbuilding & Marine Engineering. The contracts, worth $75m, cover complete deepwater marine drilling riser system with buoyancy package and associated equipment. The systems will be used for two drilling units under construction by Daewoo Shipbuilding & Marine Engineering. The drilling riser systems will be manufactured by Aker Kvaerner Subsea in Malaysia and delivered in 2010.

07 Jan 2008

Management Change in Aker Yards

Mr Leif Borge, CFO, has accepted a position as CFO in Aker Kvaerner ASA and will for that reason leave Aker Yards at the end of his notice period. Recruitment of his successor has been initiated. Mr Borge has been CFO of Aker Yards since 2002. Mr Julin says in a comment: "I would like to take this opportunity to thank Mr Borge for the excellent work he has put down for Aker Yards so far. He has been instrumental in developing the company into its current form, as a leading international shipbuilder with 21 000 employees. Since the listing at Oslo Stock Exchange in 2004, Mr Borge has been an important contributor to the company's growth."

01 Oct 2003

New Board Member Appointed for Kvaerner Masa-Yards

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. Countries. services in Investment and Development Finance. "We at Kvaerner Masa-Yards are very pleased to have Mr. board," said Jorma Eloranta, President and CEO of Kvaerner Masa-Yards. Trond Ø.

08 Mar 2004

Lund Named New Statoil CEO

At its meeting on March 7, 2004, Statoil's board of directors appointed Helge Lund (42) as new chief executive for the Statoil group. Mr Lund is currently chief executive of Aker Kværner ASA. "Helge Lund was the first choice of the board and we are very pleased that he has agreed to lead Statoil in the years ahead," said Statoil chair Jannik Lindbæk. Lund graduated as a business economist at the Norwegian School of Economics and Business Administrationin Bergen. He also has a master of business administration (MBA) from the Insead business school in France. Before he became chief executive of Aker Kværner, Lund had a number of positions in the Aker RGI system, and before that he had a central role in the top management of Hafslund Nycomed.

09 Mar 2004

Inge K Hansen Named CEO in Aker Kvaerner

Inge K Hansen has been appointed Group President & Chief Executive Officer (CEO) of the new Aker Kvaerner, one of three groups, which are being created as a result of the restructuring of the current Aker Kvaerner. The new Aker Kvaerner will be a leading industrial player with activities within oil, gas, energy and process. Inge K Hansen's previous position was acting CEO with Statoil, the Norwegian oil company. New CEO in Statoil will be Helge Lund, who until now has been CEO in Aker Kvaerner. Hansen has broad international experience from industry and financial institutions. Before joining Statoil as chief financial officer in 2000, he headed the investment bank Orkla Enskilda where he worked for six years.

16 Nov 2007

CNOOC Signs $50m Deal with Aker

China National Offshore Oil Corp (CNOOC) yesterday signed a $50 million contract with Norwegian company Aker Kvaerner ASA for deepwater drilling equipment supplies. The Norwegian company earlier won a contract valued at $128 million from CNOOC. The contract includes the delivery of an ultra deepwater drilling rig. The company will also focus its overseas expansion on ventures in Western Africa, the Middle East, Asia Pacific and Central Asia, he said. China will finish its first deepwater drilling rig with a maximum working depth of 3 km by 2011. The maximum drilling depth will reach 12 km, which means it can operate in deepwater regions in the South China Sea, Southeast Asia, Gulf of Mexico and West Africa.