The Regulus Group News

Philly Shipyard announced Wednesday that Jeffrey Theisen will re-join the company as Chief Financial Officer, effective September 8. Theisen fills the vacancy created by last month's sudden passing of Brian Leathers.Theisen previously served as Philly Shipyard's CFO for eight years, from 2007 - 2015. He was involved in the spin-off of Philly Shipyard from its parent Aker American Shipping and subsequent listing of the company on Oslo Axess, and he was instrumental in securing backlog and negotiating various financings, investments and other significant transactions.

Jan Ivar Nielsen, Aker American Shipping's Chief Financial Officer (CFO) and Head of Investor Relations has accepted a position with Aker Yards and will be leaving the group. Replacing Mr. Nielsen will be Mr. Jeffrey Theisen, who will join the company immediately as VP of Finance and assume the duties of CFO and Head of Investor Relations after a transition period to take place during the next few months. Theisen is a twenty year resident of the Philadelphia area and a graduate of Villanova University. Mr. processing services to financial institutions and commercial end-users.