Maritime Jobs
Thursday, April 26, 2018

Finance News

Beth McCague (Photo: JAXPORT)

JAXPORT Names McCague Interim CFO

Experienced financial executive Beth McCague has been tapped to serve at Interim Chief Financial Officer of the Jacksonville Port Authority (JAXPORT).McCague, who has been serving as an advisor to JAXPORT’s CEO and finance group, will assume responsibility for the port’s budget and accounting, treasury, payroll, procurement, economic forecasting/planning, and external auditing functions effective May 7, 2018. She will also oversee JAXPORT’s $600 million capital program and will be JAXPORT’s primary liaison with bondholders, lenders and credit rating agencies.Prior to joining

Caroline McGovern (Photo: UTEC Survey)

UTEC Appoints New Head of Finance

UTEC Survey, an Acteon company, has announced the appointment of Caroline McGovern as its new Head of Finance.    Before joining UTEC, Caroline was the CFO for MOL Energy UK where she was a founding director of the business which grew to comprise ownership of 20 North Sea exploration and production licenses.  Prior to that, Caroline was Finance Manager for EnQuest PLC, where she spent four years leading and supporting the finance function through their initial IPO listing on the U.K. stock market, and the company’s subsequent asset consolidation and growth period.    C

Vivian Yu (Photo: Dan-Bunkering)

New Finance and Administration Manager for Dan-Bunkering

Dan-Bunkering (Singapore) Pte. Ltd. Shanghai Rep. Office announced that Vivian Yu has been employed as Finance and Administration Manager. Joining the company March 16, 2015, Vivian Yu contributes more than 12 years experience within finance to the office in Shanghai.  

FSL Trust Appoints New CFO

The Board of FSL Trust Management Pte Ltd has announced the appointment of Philip Tan Eng Lay as the company’s Chief Financial Officer, effective July 1, 2014. Philip most recently served as Regional Head of Finance at AET Tankers Pte Ltd. Previously, he held various executive positions including Finance Director for Asia region at World Fuel Services, a Fortune 500 company. Prior to this, he served as Managing Director and Regional Financial Controller in Asia at Celanese Pte Ltd and as Director of Finance & Administration for Asia region for Kemet Electronics Asia Pacific (S) Pte Ltd.

James Callahan (Photo: Danos)

Danos Announces Executive Leadership Changes

David Cedro has joined the Danos executive team as vice president of finance and administration, with responsibility for overseeing the company’s domestic and international administration, finance and accounting activities. Meanwhile, James Callahan, who previously held the senior finance position, has moved into a new role as vice president of project services.   Cedro has more than 25 years of experience in construction and energy accounting and finance, including management positions with Ernst & Young LLP, Arthur Andersen LLP and the Shaw Group. He also has worked with a variety

Lars Ljungström (Photo: Volvo Penta)

Volvo Penta Names Ljungström VP of Finance, CFO

 Lars Ljungström has been appointed to vice president of finance and chief financial officer (CFO) for Volvo Penta of the Americas, effective July 2017.    Ljungström will provide strategic leadership over finance, planning, budgeting and reporting for North, South and Central America and the Caribbean. He will also oversee coordination of IT systems and services, as well as legal and sales operations.    Prior to this appointment, Ljungström was CFO at GKN Aerospace Engine Systems, where he was responsible for finance and IT, internal control compliance

Appointment of Dorothy Thompson CBE as non-executive Chair of Tullow Oil plc Photo Tullow Oil

Thompson takes over from Founder Heavey, Tullow Oil

.   Thompson (57) brings extensive experience to Tullow having served for 12 years as CEO of Drax Group plc, the international power and energy trading company, until the end of 2017. Before joining Drax, Thompson managed InterGen’s European power business, was head of project finance at PowerGen and worked at CDC Capital Partners, the private sector arm of the British Government’s aid programme. Thompson has extensive emerging markets experience including a period working in the Commercial and Industrial division of the Bank of Botswana. Thompson holds

Ian Dixon

Fitch Ratings Appoints Head of EMEA Infrastructure Group

Fitch Ratings today announced the appointment of Ian Dixon as Managing Director and Analytical Head of the EMEA Infrastructure & Project Finance Group. Dixon will join Fitch Ratings on February 10, based in London.    In this role, Dixon will oversee ratings coverage of the energy, transportation, social infrastructure and whole business securitization sectors. He will report to Olivier Delfour, Global Head of Fitch's Infrastructure & Project Finance Group.   The Infrastructure & Project Finance Group is responsible for providing credit ratings and research for debt

Peeters to Leave Barco; Desender Appointed as New CFO

Barco has announced the departure of its Chief Financial Officer, Carl Peeters, who has decided to pursue a new professional opportunity. Ann Desender, currently Vice President Finance & Control will succeed Carl as CFO for Barco.   This change will become effective as of September 2016.    Ann Desender joined Barco in 2008 and has been leading Barco’s global finance team since 2010. Prior to joining Barco she held management positions as Corporate Director of Finance & Reporting at Unilin and was a Senior Audit Manager at Arthur Andersen and Deloitte. Ann holds a

NewLead Takes Delivery of Eco-Type Handysize Vessel

2014, as previously announced, for a total acquisition price of $37.0 million, $18.5 million each. Today, the market value of these vessels is estimated to be approximately $20.25 million each. The second vessel is expected to be delivered to NewLead's fleet, as scheduled, in July 2014. The company financed the Newlead Albion through a combination of cash and external financing. Specifically, in March 2014, NewLead paid a deposit of $1.85 million in cash, and the remaining balance was paid through the combination of cash and 75% financing in a transaction arranged by Pareto Project Finance AS and

Richards Takes over for Bennett as Chevron VP

last several years," said Patricia E. Yarrington, Chevron's chief financial officer. "He has proven leadership skills and financial expertise, both of which were evident in multiple ways, multiple times over the course of his career."    Richards is currently vice president of Finance for Upstream. In his new role, Richards will lead Chevron's banking, financing, cash management, insurance, pension investments and credit and receivables activities. "Randy's financial acumen and breadth of experience make him well qualified to guide our financing strategies at this important

Photo: Port of Long Beach

Port of Long Beach Adds Three Directors

The Board of Harbor Commissioners has approved the appointments of new directors for the Port of Long Beach’s Finance, Surveys and Transportation Planning divisions.   Maurina Lee, previously the Harbor Department’s controller, will become the Director of Finance. She has been controller since March of last year and was previously finance manager for the city of Downey from 2006 to 2015. The Finance Division oversees an annual budget that is $829 million this fiscal year. It is part of the Finance and Administration Bureau.   Robert Seidel, who has been the Port of Long

Kevin Strachan (Photo: Seatronics)

Seatronics Names Strachan Head of Finance

Seatronics, an Acteon company, and part of its survey, monitoring and data business segment, has appointed Kevin Strachan as head of finance. The new role will require Strachan to lead the finance function in each of Seatronics’ global bases and divisions. Strachan holds a masters degree in accounting from Aberdeen University, and a chartered accountant designation from the Institute of Chartered Accountants of Scotland. With more than 20 years of experience, he has held a number of managerial roles, including chief financial officer at Chantry Networks in Toronto, Canada, and group

John Sullivan (Photo: Viega)

Sullivan Named CFO at Viega

of experience in executive leadership for the industrial, pharmaceutical, healthcare and technology industries. He also has seven years of experience working in the residential, commercial and industrial water application sectors. Prior to joining to Viega, Sullivan worked as the vice president of finance for Applied Water Systems and  CFO of Flow Control divisions at Xylem, a director of financial planning and analysis at Vertex Pharmaceuticals Inc. and a director of finance at Tufts Health Plan. Sullivan earned a bachelor’s degree in finance from Northeastern University and a master&rsquo

Richard Gruenhagen (Photo: MV WERFTEN)

Gruenhagen Named CFO at MV WERFTEN

Shipbuilding group MV WERFTEN said it has appointed Richard Gruenhagen as Managing Director of Finance and Administration to reinforce the group's Management Board as new CFO effective February 1.   Gruenhagen graduated from Indiana University, is a Certified Public Accountant (USA), has many years of experience as Executive Financial Management Professional, broad business experience as CFO, Director of Finance, Chief Accountant and as Head FP&A & Controlling in large global companies and startups, incl. ABB and GE. Most recently, Gruenhagen worked as CFO at DHL Logistics in Switzerland.

Jens F. Grüner-Hegge is the new CFO at Stolt-Nielsen (Photo: Stolt-Nielsen)

Stolt-Nielsen Names Grüner-Hegge CFO

Stolt-Nielsen Limited announced Jens F. Grüner-Hegge has been appointed as its new Chief Financial Officer, effective from April 2, 2018.   Grüner-Hegge, who has served as Vice President, Corporate Finance since 2007, succeeds longtime CFO Jan Chr. Engelhardtsen, who will retire from his executive role and has been appointed to fill a vacancy on the company’s board of directors.   With the addition of Engelhardtsen as a director, the SNL Board now has seven members, four of which are independent.   Earlier in his 25-year career at Stolt-Nielsen, Grüner-Hegge

Pictured clockwise: Kainen Bell, Joshua Banks, Xuan Liao and Maninder Grewal (Photo: Crowley)

Crowley Scholarships Aid Four UW Students

, Kainen Bell, Maninder Grewal and Xuan Liao, were each chosen to receive a $2,500 scholarship for the 2015-2016 academic year based on their demonstrated financial need, community involvement and leadership skills.   Joshua Banks, a two-time Crowley scholarship recipient is currently studying finance and entrepreneurship at UW.  He is an active member of Montlake Consulting Group, an entirely student-run consultancy, where he serves as an engagement manager. He is also a mentor for Young Executives of Color, a brother of Sigma Phi Epsilon and a Foster School ambassador. After graduation

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