Seatankers Hires Investment Chief, Invites Outside Capital
Seatankers, the powerful holding company of Norwegian-born billionaire John Fredriksen, said on Thursday it had hired a veteran fund manager to broaden the group’s portfolio and bring in outside capital in a new unit.Vegard Soeraunet, until recently an investment director at Norway’s ODIN Fund Management, will be in charge of “long-term and active ownership” outside of Seatankers’s shipping and offshore oil services industries, the company said.“Getting the opportunity to take this to the next level with a new structure under Seatankers, is a great opportunity,” Soeraunet said in a statement.It was the second key appointment at Seatankers in recent days following the August 28 naming of a hedge fund manager as its new chief executive.While Fredriksen initially built his fortune from shippi
Seatankers Names Svelland as New CEO
Norwegian-born billionaire John Fredriksen appointed a hedge fund manager on Friday as next head of his family's key holding company, which controls assets ranging from oil tankers and rigs to real estate, fish farming, and finance.Fredriksen, 76, said Tor Andre Svelland, 53, will become chief executive of Seatankers Group, top shareholder of world number one salmon producer Mowi, tanker firm Frontline and offshore driller Seadrill.Seatankers also controls dry bulk shipper Golden Ocean and real estate firm Norwegian Property…
CEO Will Not Return: Fredriksen
Norwegian-born billionaire John Fredriksen said Jo Lunder, who has been on leave as chief executive of his Fredriksen Group since November, would not come back, business paper Dagens Naeringsliv wrote on Friday. Fredriksen Group controls rig firm Seadrill, fish farmer Marine Harvest, tanker company Frontline, dry bulker Golden Ocean and property company Norwegian Property, among others. Lunder was put on leave in November due to an ongoing police probe at telecoms firm Vimpelcom, the firm he headed before he joined the Fredriksen Group. "No, he will not come back here. We have clarified this between us in an orderly manner. Jo Lunder has to use his time on what he is involved in now. I wish him good luck," Fredriksen told Dagens Naeringsliv. Norwegian, Dutch, Swiss and U.S.
