Kvaerner Appoints Smith VP Business Development

In another significant executive move at its Philadelphia shipyard, Kvaerner announced the appointment of Brian M Smith, as Vice President, Business Development. Until recently, British born Brian Smith held a similar position with Litton Ship Systems, in New Orleans, where he since 1996 has been employed as Director - Business Development/ Strategic Planning. He will take up his position with Kvaerner in Philadelphia during mid November. Smith is a well-established figure within the American commercial shipbuilding market. Prior to his joining Avondale in 1996, Mr. Smith worked extensively in the marketing, strategic planning and business development area, much of it within the maritime industry. At the beginning of his professional career he spent more than 20 years with subsidiary operations of Rolls Royce. This announcement follows Wednesday's announcement that Ron McAlear has been appointed CEO of the Kvaerner Philadelphia Shipyard.