Arthur Andersen News

Boudewijn Siemons will become interim CEO of the Port of Rotterdam Authority effective July 15, 2023, taking the reins from Allard Castelein, who is stepping down as CEO this summer after nearly a decade in the position.Siemons, who currently serves as the port's COO, will combine both positions until a new CEO has been appointed.In addition, Vivienne de Leeuw will stay on as CFO. Her term of office has been extended by four years.Miriam Maes, chair of the Supervisory Board, said, "The process of finding a new CEO is still in progress.

French water treatment specialist Bio-UV Group appointed Laurent-Emmanuel Migeon as its new Chairman and CEO, succeeding company founder Benoît Gillmann.Migeon, who has co-managed BIO-UV Group with Gillmann for the past five years, has a track record in the life sciences, environmental and agrifood sectors, preceded by ten-years in finance with PricewaterhouseCoopers and Arthur Andersen.An agricultural engineer with a master’s degree from Mr Migeon joined BIO-UV Group in early 2018 as COO and Deputy General Manager.BIO-UV Group designs…

Offshore vessel owner Tidewater on Tuesday announced the appointment of Melissa Cougle to its Board of Directors, effective immediately. Cougle most recently served as Senior Vice President and Chief Financial Officer of Frank’s International until November 2021. She previously served as Senior Vice President and Chief Financial Officer of National Energy Services Reunited. Cougle began her career with Arthur Andersen in 1999 and subsequently held positions of increasing responsibility in the oilfield services industry at Ensco plc, and prior to that Pride International. She holds a Bachelor of Science in Business from Louisiana State University and is a Certified Public Accountant."Melissa is a seasoned executive with a strong track record of leadership in the oil and gas sector…

The National Ocean Industries Association (NOIA) board of directors has elected Tim Duncan, president & CEO of Talos Energy, as chairman and Paul Danos, owner, president and CEO of Danos, as vice chairman for the 2021-22 term. Duncan and Danos were confirmed in their positions during a virtual NOIA Board of Directors meeting on April 14.NOIA president Erik Milito said, “The offshore energy industry continuously lifts society in so many ways. The leadership from Tim and Paul will help NOIA continue to advocate successfully for the promise of American offshore energy.

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.

French offshore services provider Bourbon Corporation announced Thierry Hochoa has been appointed as Chief Financial Officer effective as of August 6. He reports directly to Gaël Bodénès, Chief Executive Officer of Bourbon Corporation.Hochoa replaces Astrid de Bréon who resigned from her position as Chief Financial Officer from July 11.A graduate of IAE Paris, ESCP Business School and also CPA, Hochoa began his career in 1994 as an external auditor at Arthur Andersen, then Ernst & Young (EY).

Huntington Ingalls Industries yesterday promoted Nicolas Schuck to the position of controller and chief accounting officer, effectively immediately. He will report to Barbara Niland, corporate vice president, business management, and chief financial officer. "Nicolas has been an important member of our financial team and brings a great sense of enthusiasm, commitment, financial acumen and a wealth of experience to his new role," Niland said. In this position, Schuck has responsibility for all accounting matters related to SEC reporting, tax, government financial relations and benefits accounting. Additionally, he has responsibility for import, export and international trade compliance.

President Mark D. Odyssey Marine Exploration, Inc., an in the field of deep-ocean exploration, has implemented its planned management transitions that were announced in August. Odyssey President Mark D. Gordon assumed the additional role of chief executive officer on October 1, 2014, succeeding Gregory P. Stemm, who had held the position since 2007. Stemm has become chairman of the board, succeeding Bradford B. Baker, who will continue to serve as lead director. Stemm, in his new role…

GulfMark Offshore, Inc. (NYSE:GLF) has announced the election of Steven W. Kohlhagen and Charles K. Valutas to its Board of Directors for terms expiring in June 2014. Steven W. Kohlhagen is a retired financial executive who brings to the Board expertise in financial accounting, finance and risk management through his extensive experience in, and knowledge of, the financial, securities and foreign exchange markets. He has held various positions in the private sector, including investment banking, asset management, and most recently as a consultant with AMETEK, Inc. He currently serves on the Board of Directors, the Business and Risk Committee and the Compensation Committee of Freddie Mac. He also serves on the Boards of Directors for Abtech Holdings, Inc., Reval Inc.

Jean-Christophe Deslarzes has been appointed by ABB  to its Executive Committee as Head of Human Resources as of Nov. 15, 2013. He succeeds Gary Steel, 60, who will retire at a date that is still to be determined. Deslarzes, a 49-year-old Swiss national, has served for the past three years as Chief Human Resources and Organization Officer and member of the Executive Board at the global retail group Carrefour. From 1994 to 2010, he worked at Rio Tinto Alcan and its predecessors Alcan Inc. and Alusuisse, in a variety of human resources and management roles in Europe and Canada.

Board to expand to eleven from eight; seven New Board Members Join Four Existing Directors; Four Directors Retire. Horizon Lines, a domestic ocean shipping company, today announced that it will expand its Board of Directors to 11 members from eight, effective November 25, 2011. In conjunction with the expansion, seven new directors will be appointed and four of the existing eight directors will retire. • Jeffrey A. Brodsky, Kurt M. Cellar, Carol B. Hallett, James LaChance, Steven L. Rubin, Martin Tuchman and David N. Weinstein will join the board as independent directors.

Eiliv Gjesdal has been appointed Chief Financial Officer (CFO) of Kvaerner. Gjesdal is following the appointment of Jan Arve Haugan as President and Chief Executive Officer (CEO). Gjesdal joined Aker Solutions in 2002 and has extensive experience from finance functions in Aker Solutions as well as a background as a state authorised public accountant. Gjesdal startet his carreer as an auditor with Arthur Andersen & Co working with large Norwegian companies. "We are very pleased with being able to appoint a CFO of Gjesdal's stature and experience to the management team of Kvaerner.

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it named Ziad Nakhleh as the Company's Chief Financial Officer effective November 1, 2009. This position was previously occupied on an interim basis by George Economou, Chairman and Chief Executive Officer. Nakhleh, 37, has over 12 years of finance experience. From January, 2005 to September, 2008, he served as Chief Financial Officer of Aegean Marine Petroleum Network Inc., a publicly traded marine fuels logistics company listed on the New York Stock Exchange, where he led the company's $200m IPO in December 2006.

Aker Maritime's corporate assembly has elected Bengt A Rem and Olav Revhaug as the new shareholder representatives on the board of Aker Maritime ASA. Aker Maritime's corporate assembly has elected new directors to take the place of Kjell Inge Røkke and Helge Lund who resigned as directors of Aker Maritime after being elected to the board of Kværner ASA. The election was in accordance with the election committee's recommendations. Bengt A Rem is executive vice president of Aker RGI with responsibility for finance and administration. RGI since 1995, he previously held positions at the Oslo Stock Exchange and Arthur Andersen & Co. He is a state-authorized accountant and a graduate of the Norwegian School of Management. Olav Revhaug is a director of Aker RGI.

In a rapidly changing, increasingly technological world, companies are finding it more important to change the way they invest their man-hours and expand their facilities. Bollinger Shipyards has aggressively expanded its physical facilities over the past few years, but realized expansion of the facilities without a thorough revamp of its internal communications systems would be foolish and costly, in the long run. The company employs 1,800 and is comprised of eight shipyards in Southern Louisiana. The most distant offices are still within 120 miles of each other. Until recently, the shipyards were using several different software systems to produce financial and operational information.

Exploration and appraisal drilling in northwest Europe has shown a sharp increase in 2000 over year-ago levels, industry consultants Arthur Andersen said in a report. A total of 37 exploration wells have been spudded between January and July 19, with 18 appraisal wells started in the same period, representing an increase of 12 and 38 percent respectively on the level of spuds achieved in the same period of 1999, the report said. The northwest Europe area comprises activities in UK, Norwegian, Dutch and Danish waters.

American Commercial Lines LLC (ACL) announced that Mark R. Holden was selected as President and Chief Executive Officer. Prior to joining the Company, Holden was Senior Vice President and Chief Financial Officer of Wabash National Corporation, where he held various officer-level positions for the past 12 years. In addition to his duties as the Chief Financial Officer, Mr. Holden served on the Board of Directors of Wabash National and in the Office of the Chief Executive Officer. As a member of the Office of the Chief Executive Officer, Mr. Holden oversaw a very successful turnaround and restructuring of the $1 billion industrial company. Prior to joining Wabash National in 1992, Mr. Holden spent 12 years at the international accounting firm of Arthur Andersen. Mr.

The United States Bankruptcy Court, Southern District of Indiana, New Albany Division confirmed the Plan of Reorganization for American Commercial Lines LLC and its affiliated debtors. ACL and its affiliated debtors, including American Commercial Barge Line LLC and Jeffboat LLC, filed for Chapter 11 protection on January 31, 2003. Richard L. Huber, Chairman and Chief Executive Officer of ACL said "We are extremely pleased to complete this reorganization process. The implementation of our Plan of Reorganization provides the best possible recovery for our creditors and ensures the Company's future viability. Our efforts are now focused on completing the steps required to emerge from Chapter 11 on January 10…

Large engine manufacturer MAN B&W Diesel AG of Augsburg is expanding its Executive Board. The company’s Supervisory Board has appointed Tage Reinert as a member of the Executive Board responsible for controlling. 1 September 2005 at the latest. The other members of the company’s Executive Board include the Chairman of the Executive Board of MAN AG, Håkan Samuelsson, who serves as working chairman, Fritz Pape as deputy chairman, Dr. Stefan Spindler, Dr. Peter Sunn Pedersen and Dr. Stephan Timmermann. Tage Reinert comes to the company from the Danish mobile telephone operator Sonofon in Copenhagen, where he served as Executive Vice-President and CFO from 1999 and more recently held the position of Acting Chief Executive Officer (CEO) for a period of one year.

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.

Marine Resources Group announced that Kirstin Sandaas has been promoted to Chief Financial Officer and Kevin Orstad has joined the company in the position of Group Controller. Sandaas joined MRG in the spring of 2004, and since that time has worked closely with the financial and operating divisions at the MRG group of companies. Her contributions include assisting in two corporate acquisitions, implementing an MRG-wide 401(k) program and assessing enterprise-wide systems solutions. Prior to joining MRG she held the position of Director of Finance at Sea Coast Towing. She served as Finance Manager at Optiva, makers of the sonicare toothbrush, working as an integral part of the team that helped sell the company to Philips Electronics.

The United States has filed suit against Newport News Shipbuilding Inc. alleging that the company knowingly mischarged the U.S. Navy on costs it incurred for work under commercial contracts from 1994 to 1999, the Justice Department announced today. The lawsuit alleges that the Newport News, Virginia-based company charged the Navy for independent research and development (IR&D) costs for double-hulled tankers that Newport News was building for commercial customers under existing contracts. Since November 2001, Newport News Shipbuilding has been a wholly-owned subsidiary of Northrop Grumman Corporation. The shipbuilding company is alleged to have charged the Navy for more than $72 million of costs related to the design and development of the commercial tankers…

Worldwide capital spending by publicly traded energy firms increased in 1998 even though falling oil prices sent revenues and profits plummeting, according to an Arthur Andersen report. The increased spending reflected optimism in late 1997 that oil prices would remain firm in 1998, when in fact they dropped to near record lows, according to Arthur Andersen's managing director of energy industry services, Victor Burk. "Exploration and development spending cannot be turned off and on like a faucet," he said. The report said the 182 U.S. and foreign firms included in the study spent a total of $83 billion on exploration and production last year, up five percent from 1997.