German Shipbuilder FSG Taken Over by Siem Industries
The German Shipyard Flensburger Schiffbau-Gesellschaft (FSG) informs that it has a new owner: the Norwegian controlled Siem Industries will take over command of the shipyard, including all its employees. Peter Sierk and Frank Bywater, the two Managing Directors of FSG, welcome these re- cent developments. To them it is a necessary and just step in the right direction. “We are very glad about the new perspectives that open up, as a consequence of this decision. We welcome Siem Industries on board: This time not as a client, but as the new and rightful owner of the FSG. With the take-over, Sierk and Bywater expect the FSG to get further established and to hold a stronger position on the offshore market: “Siem Industries is a successful…
German Shipyard FSG Re-organizes Top Management
Current Chief Technology Officer Frank Bywater will be joined by Markus Bartsch as new Chief Executive Officer. Current CEO Peter Sierk will take over the management of FSG parent company NSH (Nord- deutsche Schiffbau-Holding) and as a result take responsibility for overall strategy as Chairman at FSG. “Over the past two years we have seen how the switch from series to special ship buil- ding at our yard has brought with it an enormous new set of demands”, says Peter Sierk. “Contracts are getting more complex and processes more multi-layered. If we now say that our 750 employees have to adapt and optimise then it stands to reason of course that the same has to apply to the management”.
