Kpmg Llp News

KVH Industries, Inc., announced that its Board of Directors has appointed Brent C. Bruun as President and Chief Executive Officer and a member of the Board. The Board also appointed two seasoned industry executives, David Kagan and David Tolley, as directors of KVH.Bruun first joined KVH in 2008 and has served as KVH’s Interim President and Chief Executive Officer since March 2022. He also served as Chief Operating Officer of KVH beginning in 2016, as well as Interim Chief Financial Officer of the Company.

Seaspan Corporation announced that Sai Chu, Chief Financial Officer, has informed of his resignation and retirement from Seaspan effective November 6, 2015, after more than 10 years' of service with Seaspan and related entities. Gerry Wang, Chief Executive Officer, Co-Chairman and Co-Founder of Seaspan stated, "Sai Chu has been a dynamic contributor to Seaspan's growth over the past decade. We appreciate all the work he has done to lead the financial function of Seaspan. Mr. Chu joined Seaspan in 2005 and held positions in finance before being appointed Chief Financial Officer in 2007. Prior to 2005, Mr. Chu served in finance positions with various companies listed on the Toronto Stock Exchange…

Goltens Worldwide Management Corp. (GWMC) has announced the appointment of Roy Strand as Chief Operating Officer. Strand has previously served as the Vice President of Operations in the Americas and Europe, and will continue to serve as the Advisory Board Chairman within the Goltens Worldwide group of companies. Prior to joining Goltens, Strand held various managerial and global executive positions in the professional services field, including at KPMG Consulting, Netegrity and Computer Associates.

China’s Ministry of Finance and State Administration of Taxation released Circular 106 last December, expanding its value-added tax (VAT) pilot program to additional industries. The circular also made significant updates to the VAT treatment of services related to the international transportation of goods. During the week of January 20, 2014, China provided further clarifications for freight forwarding agent companies in China with regard to Circular 106. In light of the potential impact these changes may have on U.S.

Northrop Grumman Corporation has announced that its board of directors has elected Kenneth L. Bedingfield corporate vice president, controller and chief accounting officer, effective in 2012. He will initially join the company on Nov. 28, 2011, as a corporate vice president reporting to James F. Palmer, corporate vice president and chief financial officer. He will assume the duties of controller and chief accounting officer after the company files its 2011 annual report. Kenneth N. Heintz, the company's current controller and chief accounting officer, will retire from the company in 2012.

According to a Bloomberg report, Vietnam Shipbuilding Industry Group (Vinashin), plans to present a KPMG LLP report on its business to creditors by mid-year after it missed a payment on a bank loan. Vinashin reportedly received a $600m loan in 2007 from banks led by Credit Suisse Group AG that paid higher interest than the London interbank offered rate, according to Bloomberg. While it made a $6.8 million interest payment on Dec. 23, the company reportedly missed a Dec. 20 deadline to make a $60m payment. (Bloomberg)

Seven directors were elected to the Board of the UK P&I Club at the AGM in Bermuda on October 26th. Jason Liberty, Vice President of Strategy, Corporate Planning & Insurance Royal Caribbean Cruises Ltd is responsible for his company’s corporate finance, strategy, M&A, forecasting & planning, insurance and continuous improvement group. A former advisory director with KPMG LLP, Liberty joined Royal Caribbean Cruises Ltd in 2005. Harley Franco, Chairman and CEO, Harley Marine Services…

The maritime industry is at an historic crossroad — and the direction that companies take can determine whether their future is filled with success or failure. Consider this — maritime accounts for 96 percent of all transportation — driving much of the momentum of the world economy. Meeting these global needs has meant that modern maritime has embraced such advances as containerization and intermodalism. Now however, the industry is poised to accept the most dramatic change yet — digital networking and electronic commerce. While this new e-business (electronic business) model represents perhaps the greatest challenge yet faced by the industry, it also offers dramatic opportunities.