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”.