NOL Shares Soar On Management Change News
Shares of shipping and logistics group Neptune Orient Lines Ltd. (NOL) surged almost 10% on optimism over recent management changes, dealers said on Tuesday. Late September, NOL said it had hired more senior executives from Sea-Land Services as senior officals for its container transportation arm, APL. The move were seen as positive and reinforced the shipping group's commitment to grow its European and North American presence. Flemming Jacobs is NOL's new chief executive officer.
Horizon Announces Management Changes
Horizon Offshore, Inc. named Richard A. Sebastiao of RAS Management Advisors, Inc., a turnaround and management consulting firm, as chief restructuring officer of the company. As chief restructuring officer, Mr. Sebastiao will serve as the company's principal executive officer. Bill J. Lam, its CEO and President will continue as President and be responsible for the day-to-day operational activities.
Kvaerner Masa-Yards Elects New Executives
Kvaerner Masa-Yards has announced the following management changes: Jouko Virta, CFO; Martin Landtman, senior vice president, Marketing and Sales; Thomas Foss, chief legal counsel; and Arto Hein, manager of Human Resources and Development - Turku New Shipyard.
Rolls-Royce Announces New Marine Appointment
Rolls-Royce announced a senior management change within its marine business. Andreas Fokkens will be appointed president, commercial marine, a post he will take in June when the outgoing president, Morten Ulstein, completes his three-year term in charge of the business. Fokkens is currently managing director, marine electronics, a post he has held since last September, and is responsible for electronic systems, including power electronics and automation and control systems. Previously, Fokkens was with ABB.
ConocoPhillips Makes Senior Management Change
ConocoPhillips announced that Stephen R. Brand, currently vice president, exploration and business development, Exploration and Production, will become senior vice president, Technology, effective October 1, 2007. Brand will report to Jim Mulva, chairman and chief executive officer.
Halliburton Announces Management Changes
As a further effort to strengthen its operational efficiencies, augment its management and succession development opportunities and maximize its financial performance, Halliburton announced several changes to its executive management team. Executive Vice President and Chief Operating Officer Andrew Lane will retire effective Dec. 31, 2007. Halliburton will eliminate the COO position, and the Companyâ€™s Eastern and Western Hemisphere presidents as well as the Completion and Production, and Drilling and Evaluation Divisions now will report directly to Dave Lesar, Halliburtonâ€™s Chairman of the Board, President and Chief Executive Officer. In addition, the following executive management changes are effective Jan. * Executive Vice President and Chief Financial Officer C.
Stolt-Nielsen Makes Management Changes
Stolt-Nielsen has announced organizational and management changes at the company's Transportation Group. Jacob Stolt-Nielsen, Chairman of Stolt-Nielsen S.A. Effective immediately, the Board of Directors of Stolt-Nielsen S.A. has elected James B. Hurlock, 69, as Interim Chief Executive Officer of Stolt-Nielsen Transportation Group. Mr. Hurlock currently serves as a Director of Stolt Offshore S.A. He succeeds Reginald J. R. Lee, who will serve as an advisor to the company until his planned retirement at the end of 2003. "We are pleased that Jim has agreed to take on this task," said Mr. Stolt-Nielsen. "His credentials, integrity and character are of the highest order. Stolt-Nielsen S.A.
NOL Management Changes Causes Shares Rally
Shares of shipping and logistics group Neptune Orient Lines Ltd. (NOL) surged almost 10 percent last Tuesday on optimism over recent management changes, dealers said. "We are buying on the back of increasing confidence in the market, higher assurance that the Fed will not be doing anything drastic and hope that NOL's new management would bring positive changes," said one dealer. In late September, NOL announced the hiring of more senior executives from Sea-Land Services as senior officials for its container transportation arm, APL, including Fleming Jacobs as the new chief executive officer. The moves were seen as positive and reinforced the shipping group's commitment to grow its European and North American presence.
Ballast Water Management Changes Proposed
The California State Lands Commission (SLC) issued a Notice of Proposed Regulatory Action relating to management of ballast water on ships of 300 gross registered tons or more arriving in California after having taken on ballast water from places within the Pacific Coast Region. The Pacific Coast Region is defined as coastal waters on the Pacific Coast of North America east of 154°W longitude and north of 25°N latitude, exclusive of the Gulf of California. While several alternatives are provided for, the major ballast water management measure proposed is the exchange of the ship’s ballast water in near-coastal waters (waters that are more than 50 nautical miles from land and at least 200 meters deep). Under the proposal, the SLC would assess a per voyage fee of $500.
Evergreen Group Announces Management Changes
Taiwan-based Evergreen Group announced management changes. Capt. S.Y. Kuo has been promoted to Second Vice Group Chairman of the entire Evergreen Group based in Taipei. Most recently, Captain Kuo has been Vice Group Chairman overseeing all Evergreen Group business in the Americas. He will relocate to Group headquarters in Taipei. Marcel Chang has been promoted to Vice Group Chairman of Evergreen Group from Chairman of Evergreen Shipping Agency (America) Corp. (EGA), succeeding Captain Kuo. He will be responsible for supervising all Evergreen Group affiliate business in the Americas. Thomas Chen has been named Chairman of Evergreen Shipping Agency (America)Corp. (EGA) from President, succeeding Marcel Chang.
Horizon Offshore Announces Management Changes
Horizon Offshore, Inc. named Richard A. Sebastiao of RAS Management Advisors, Inc., a turnaround and management consulting firm, as chief restructuring officer of the company. The company engaged a chief restructuring officer as part of its ongoing negotiations with the holders of its 18% subordinated secured notes, due March 31, 2007. As chief restructuring officer, Mr. Sebastiao will serve as the company's principal executive officer and work with the company's senior management to strengthen the company's financial position and reduce its indebtedness. Bill J. Lam, its Chief Executive Officer and President will continue as President and be responsible for the day-to-day operational activities of the company, while negotiating an amendment to his employment agreement with the company.
Management Changes at A.P. Moller - Maersk A/S
As from December 1, 2007 Nils Smedegaard Andersen (CEO of Carlsberg A/S) will take up the position as Group CEO of A.P. Moller - Maersk A/S and withdraw from the Board of Directors of A.P. Moller -Maersk A/S. At the same date Jess Søderberg will resign as Group CEO of A.P. Moller - Maersk A/S. Originally Jess Søderberg was supposed to retire in 2009. With the advanced management change the Board of Directors has wished to clarify the future management relations and thus keep a constant drive in the company. By choosing Nils Smedegaard Andersen the Board also wishes to add new yet experienced capacity, which jointly with the other members of the management, will constitute a strong team to lead on A.P. Moller - Maersk A/S and create further development and higher profitability.
Wärtsilä Announces Management Changes
Professor Matti Kleimola, 54, Lic.Tech. has been appointed Group Vice President, Technology and a member of Wärtsilä NSD´s Board of Management effective July 15. He is currently professor of internal combustion engine technology at Helsinki University of Technology, where he previously held the chair of machine design. Mr Daniel Paro BSc (Eng.), who has headed Research & Development for many years, will take responsibility from a technology standpoint for the launch of Wärtsilä NSD´s new-generation smokeless engines. Pekka Ilvonen, 46, MSc (Eng.) MBA has been appointed Group Vice President, Power Plants and a member of the Board of Management of Wärtsilä NSD Group effective August 1, 2000.
ABS Announces Middle East and Pacific Management Changes
ABS Taiwan Country Manager Stephen Auger has been named Regional Vice President, Middle East, for the classification society. Auger transfers to the society’s regional administrative headquarters in Doha, Qatar, replacing ABS veteran Roger Shimmin who will be retiring later this year. Shimmin has served as the Regional VP for the Middle East, with management responsibilities for ABS activities in 19 countries stretching from Pakistan to Lebanon, for the past four years. Shimmin and Auger will be working together over the next few months to provide a smooth transition of the administrative and client servicing functions. Assuming the position of Taiwan Country Manager is Steve Hryshchyshyn.
Bisso Announces Management Changes
Ruben S. Dupre has been named to vice president, engineering at Bisso Towboat. With Bisso since 1981, Dupre will be responsible for the maintenance and repair of the fleet of tugs and will oversee all new tug construction. Brian Cyprowski has been named vice president, operations. With Bisso since 1987, Cyprowski will be responsible for the scheduling and job work assignment for the fleet of tugs. Captain Johnathan Davis has been named vice president, safety & quality. A captain since 1981, Davis will be responsible for safety and trainer of Bisso mariners and maintenance of the company’s safety management system.
ConocoPhillips Senior Management Changes
ConocoPhillips [NYSE:COP] announced that Jim Gallogly, executive vice president, Exploration & Production, has elected to retire from the company to become the Chief Executive Officer of LyondellBasell, with the following senior management changes effective immediately. Ryan M. Lance, currently president, Exploration & Production – Asia, Africa, Middle East and Russia/Caspian, will become senior vice president, Exploration & Production – International. Kevin O. Meyers, currently president, Canada, Exploration & Production, will become senior vice president, Exploration & Production – Americas. Kevin J. Mitchell, currently general manager…
Scana Industrier CEO Steps Down
Norwegian marine, energy, steel and machinery group Scana Industrier announce that as from 1, November 2013, Rolf Roverud leaves his position as CEO of Scana Industrier ASA and Jan Henry Melhus will act as CEO from the same date. Currently, Melhus holds the position as Executive Vice President / COO of Scana Industrier. "I want to thank Mr. Roverud for his strong efforts through a very challenging period for Scana. Both the Board of Scana and Mr. Roverud are of the opinion that there is a need for management changes in Scana in light of the strategy going forward…
New Managers for ULSTEIN Design and Innovation
ULSTEIN has announced management changes within its design and innovation areas, naming Frode Sollid as development manager at Ulstein Design & Solutions AS and Bernt-Aage Ulstein is as its new design manager. Sollid brings 30 years of experience developing solutions and designs for offshore vessels to the newly-established position as innovation and development manager at Ulstein Design & Solutions AS, and he will also be the manager for Ulstein Strategic Innovation Centre (USIC).
Management Change in Aker Yards
Mr Leif Borge, CFO, has accepted a position as CFO in Aker Kvaerner ASA and will for that reason leave Aker Yards at the end of his notice period. Recruitment of his successor has been initiated. Mr Borge has been CFO of Aker Yards since 2002. Mr Julin says in a comment: "I would like to take this opportunity to thank Mr Borge for the excellent work he has put down for Aker Yards so far. He has been instrumental in developing the company into its current form, as a leading international shipbuilder with 21 000 employees. Since the listing at Oslo Stock Exchange in 2004, Mr Borge has been an important contributor to the company's growth."
Bouygues Offshore Announces Management Changes
Herve Le Bouc will now serve as Chairman of Bouygues Offshore and ETDE (Bouygues Construction's electrical contracting and networks subsidiary) while Jacques Leost will become CEO of Bouygues Offshore. Herve Le Boucwas Chairman and CEO of Bouygues Offshore since 1999. COO from 1994 to 1996 and Vice President Europe -Middle East - Pacific Area - Mexico from 1989 to 1994. Prior to joining the Company, Herve Le Bouc served as special director to the President of Screg from 1985 to 1989. Jacques Leost was Managing Director and COO of the Bouygues Offshore since 2000. Previously Jacques Leost was COO from 1996 to 2000, vice president Africa - North Sea - Mexico from 1993 to 1996 and manager of Nigerian Operations from 1989 to 1993.
GlobalSantaFe Announces Senior Management Change
GlobalSantaFe Corporation reported that executive vice president of finance and Administration Seals McCarty has elected to take early retirement from the company and will pursue other interests after a long and successful tenure with the organization. Effective immediately, chief financial wfficer Matt Ralls will report directly to President and Chief Executive Officer Sted Garber. McCarty's position will not be filled. McCarty, 56, was named to his current position, which included oversight of the company's finance, human resources, procurement and information technology departments, following the merger that formed GlobalSantaFe in November 2001. Prior to his recent position, McCarty was chief financial officer of Santa Fe International Corporation.
ABS Nautical Systems Realigns
ABS Nautical Systems (NS), a division of ABS, a classification society, announced a series of senior management changes and established a new client-centered operational structure to strengthen its portfolio of fleet management software services for the marine and offshore industries. Karen Hughey, who joined NS in January as Senior Vice President, has been appointed President and Chief Operating Officer, replacing Jack Kitchura who has retired after leading Nautical Systems for the past ten years. Hughey had previously served as Vice President of Application Development for ABS.
Inge K Hansen Named CEO in Aker Kvaerner
Inge K Hansen has been appointed Group President & Chief Executive Officer (CEO) of the new Aker Kvaerner, one of three groups, which are being created as a result of the restructuring of the current Aker Kvaerner. The new Aker Kvaerner will be a leading industrial player with activities within oil, gas, energy and process. Inge K Hansen's previous position was acting CEO with Statoil, the Norwegian oil company. New CEO in Statoil will be Helge Lund, who until now has been CEO in Aker Kvaerner. Hansen has broad international experience from industry and financial institutions. Before joining Statoil as chief financial officer in 2000, he headed the investment bank Orkla Enskilda where he worked for six years.