Norwegian School Of Economics News

Independent shipbroker Simpson Spence Young (SSY) on Monday announced it has appointed Roar Adland (Ph.D, FICS) to the role of global head of research, effective May 2023. Internationally recognized with over 20 years of professional experience, Adland has built an impressive reputation as one of the most pre-eminent shipping experts in the world today, gaining a Ph.D from the Massachusetts Institute of Technology and holding senior positions at the Norwegian School of Economics and Clarksons.“As evidenced by their recent acquisitions and strong performance…

Norwegian offshore vessel owner Eidesvik Offshore has named Helga Cotgrove as Chief Financial Officer (CFO). Cotgrove will join Eidesvik Offshore October 1, 2022 at the latest. She has more than 20 years of energy sector finance experience in various roles within M&A, strategy, tax, finance, accounting, and auditing. She comes from the position as CFO in Norsk Solar AS. Cotgrove previously worked as Halliburton's director of corporate development in Houston, where she was in charge…

Knut Arild Hareide has been appointed by the King in the Council of State as Director General of Navigation and Shipping for the Norwegian Maritime Authority for a period of six years. Hareide will take up the role on January 1, 2022."We are delighted to congratulate Knut Arild Hareide on his appointment and look forward to working with him in the years to come," says Acting Director General of Navigation and Shipping, Lars Alvestad.The Ministry of Trade, Industry and Fisheries…

“If consolidation was the solution to all that ails shipping, then container liner companies would be super profitable. They are not. In ‘commoditized’ sectors of the shipping industry, which by now includes pretty much everything apart from very small niche markets, there is hardly any economies of scale at the company level. As long as bigger is not in fact much better, then meaningful consolidation will not happen.”Dr. Roar Adland, visiting scholar at MIT Center for Transportation and Logistics and Professor at the Norwegian School of Economics (NHH).Like any other business…

Building on its 125-year heritage, Norwegian shipowner Hurtigruten has become a leader in exploration travel offering voyages to more than 200 unique destinations in more than 30 countries ranging across the globe from the Arctic to the Antarctic and including cruises in Norway, Greenland, Svalbard, Iceland, Western Europe, and the Americas. In an interview with Maritime Reporter and Engineering News, Dan Skjeldam, the company’s CEO, emphasizes the need for the cruise industry…

Automated now; autonomous looms large in the center porthole. The word ‘autonomous’ is probably the maritime industry’s most frequently used term in the past year. The word, however, has a far different meaning than the similarly sounding “automated” – which means that certain processes are handled by machines, rather than by humans. Throughout 2017, industry thought leaders have been mulling over the new digital paradigms that are emerging including the ‘Internet of Things’ and/or the linkage of processes and machines – the ‘Fourth Industrial Revolution’ – where devices talk to each other…

Prosafe, owner and operator of semi-submersible accommodation vessels, informs that its Chairman, Harald Espedal, has notified the company that he will step down from his position as Chairman and Director of the Board “for work load reasons”. Prosafe’s board has accepted the resignation and appointed Glen O. Rødland as interim Chairman of the Board. Rødland, currently a senior partner at HitecVision, has 25 years experience in shipping, oil and gas and other industries, with extensive experience as an analyst and in corporate finance.

Øistein Jensen has been appointed as new Chief of Staff at Odfjell, commencing in his new position from February 29, 2016.   Jensen is a Norwegian citizen and presently holds the position as Director at PwC. He is a graduate of the Royal Norwegian Naval Academy and has among other positions served as submarine commander. He also holds an MBA from the Norwegian School of Economics (NHH). Jensen brings to the position experience within organizational development, corporate compliance and project management.

Electromagnetic Geoservices ASA (EMGS) has appointed Hege A. Veiseth (38) as acting CFO of the company effective from 1 January 2016, following the resignation of Svein Knudsen.   Hege has worked for EMGS since 2007 and is currently the Group Finance Manager of the company. Prior to joining EMGS, she worked as an auditor for EY for 7 years, including as auditor for EMGS. Hege has a MSc in Economics and Business Administration from the Norwegian School of Economics (NHH) and a MSc in Accounting and Auditing from the Norwegian Business School (BI).

Shipping minister says current measurement method not effective. On the day he took office as Greece's shipping minister in June 2012, Kostis Moussouroulis received a visit from a 90-year-old shipowner. He still remembers the older man's words: "Don't forget, the best minister of shipping and maritime affairs is the minister who is doing nothing for the shipping industry. That's the way Greek shipowners like it. The magnates who run one of the biggest merchant marine fleets in the world have long argued that if Greece tried to tax them, they would leave - and that their departure would devastate the economy. In recent years, as international institutions repeatedly bailed out Greece, the lenders have also pushed Athens to beef up its tax take.

Höegh LNG Holdings Ltd. has appointed Mr. Jørgen Kildahl to the Board of Directors of the Company with effect from 15 September 2015. The Board now consists of eight members. Kildahl has since 2010 been a Member of the Board of Management (Vorstand) in E.ON SE. He served as an Executive Vice President in Statkraft AS from 1999 to 2010, where he was also part of the Executive Management Board from 2001. Mr. Kildahl has also held positions in a PR consultant group, as fund manager and served at several boards. In his previous positions, Mr. Kildahl has been involved in international business development and leading organisational restructuring and development. Mr. Kildahl holds a M.Sc.

Yara International ASA has appointed Terje Knutsen as Head of Downstream. He succeeds Egil Hogna, who has submitted his resignation. Knutsen will assume his new position on 1 May 2015. Yara's Downstream business unit manages the company's global sales, marketing and distribution of fertilizers. Terje Knutsen currently heads Yara's business unit for Downstream activities in North & East Europe. Prior to this, he was Head of Business Unit Asia. Aged 52, Knutsen holds a Master's degree in economics and business administration from the Norwegian School of Economics (NHH). Since joining the company in 1987, he has had an extensive international career, working twelve years outside Norway. Knutsen will be part of Yara's executive management team and report to the President and CEO.

Henrik O. DNV GL president and CEO Henrik O. Madsen was appointed as chairman of the executive board of the Research Council of Norway. The executive board is the Research Council’s highest authority, and the newly appointed board will commence Jan 1. 2015. The main functions of the Research Council of Norway is to provide strategic policy input, administer research funding and serve as a meeting place for the development of research policy and dissemination of knowledge in Norway.

Norwegian Energy Company ASA has appointed Odd Arne Slettebø as Chief Financial Officer (CFO). Odd Arne Slettebø replaces Tommy Sundt who has been appointed new CEO of the Company. Slettebø joined Noreco in August 2012 and was until now Group Finance Manager of Noreco. “I am very pleased to announce that Odd Arne Slettebø will be my successor as CFO. He is highly skilled and knows the Company very well, which will secure continuity in the team,” says Tommy Sundt, CEO of Noreco. Slettebø is a state authorised public accountant and holds a master degree in Accounting and Auditing from Norwegian School of Economics and Business administration (NHH), in addition to a Bachelor degree in Business administration from Bergen University College.

Torgeir Kvidal is appointed Acting CEO effective 7 October 2014, and Jørgen Ole Haslestad has resigned as Yara CEO. "Yara's Board have concluded that Haslestad is not the right person to lead the company going forward, also in light of the on-going talks with CF Industries. Haslestad would not have a role in a potential merged company," says Leif Teksum, Chairman of the Yara Board of Directors. "I would like to take this opportunity to thank Jørgen for his contribution to Yara, first as a Board member and since 2008 as CEO. Yara has made considerable progress under Haslestad's leadership," says Teksum. "The discussions with CF Industries will continue with Kvidal leading the Yara team, with support from the Board and in particular from me as Chairman," says Teksum.

MCP’s Board of Directors appointed Frode Støldal as new CEO for the Telenor subsidiary. Støldal replaces MCPs founder, Knut Fjellheim, who has served as interim-CEO and now returns to his previous role as COO/CTO. Frode Støldal has vast management experience from across the Telenor-Group. Prior to his role as CTO in Telenor Norway where he was responsible for deploying a new LTE (4G) network, Støldal served as Head of Technology for Telenor in Asia, responsible for industrialization and common technology projects across Telenor Group.

An IMO symposium on a Sustainable Maritime Transportation System, held on world Maritime Day (September 26, 2013), provided an opportunity for a discussion on a global agenda for a sustainable maritime transportation system. The symposium reflected the world Maritime Day theme: “Sustainable Development: IMO's contribution beyond Rio+20”. IMO Secretary-General Koji Sekimizu told the symposium that shipping, and port industries were vital links in the global supply chain, the complex mechanism without which today’s inter-dependent, global economy would be simply unable to function.

Wilhelmsen Ships Service has appointed Vidar Hole to the position of Business Director responsible for the Maritime Logistics Services portfolio. Hole will drive the design, development and launch of new offers in line with the company’s strategy and identified market and customer needs, across its range of logistics services. This includes developing new services, with particular focus on more complex logistics projects to ensure that they respond to customers’ needs. In addition…

The board of Hatteland Display has employed Trond K. Johannessen as its new President & CEO, starting Feb 1, 2009. The appointment follows a growth period where the company has increased revenue from $9.4m in 2000 to $48.5m in 2007. Hatteland Display's current President & CEO, Knut Vidar Lauritsen, who handed over the baton to Trond Johannessen, will remain in a key management role, focusing on innovation, product and business development. Trond K. Johannessen comes from Tomra Systems ASA, where he has been a Senior Vice President, managing one of the corporation's key-business areas.

At its meeting on March 7, 2004, Statoil's board of directors appointed Helge Lund (42) as new chief executive for the Statoil group. Mr Lund is currently chief executive of Aker Kværner ASA. "Helge Lund was the first choice of the board and we are very pleased that he has agreed to lead Statoil in the years ahead," said Statoil chair Jannik Lindbæk. Lund graduated as a business economist at the Norwegian School of Economics and Business Administrationin Bergen. He also has a master of business administration (MBA) from the Insead business school in France. Before he became chief executive of Aker Kværner, Lund had a number of positions in the Aker RGI system, and before that he had a central role in the top management of Hafslund Nycomed.