Maritime Jobs
Sunday, January 21, 2018

Finance News

Peter Forhaug (Photo: MMT)

Forhaug Steps in as CEO at MMT

Marine surveying company MMT has appointed Peter Forhaug as acting CEO from January 1, 2018 while the Sweden based firm conducts its search for a permanent CEO.   Forhaug has a background in finance and has acted as a senior advisor to the board of MMT and is representing MMT at the board of the SMaRC research project.   MMT founder Ola Oskarsson will serve as vice president to assist Forhaug.

Dr. Andreas Strecker was named CFO, Deutz AG. (Photo: Deutz)

Deutz Names Strecker CFO

Dr. Andreas Strecker, 56, was appointed as a member of the Board of Management of DEUTZ AG, effective 1 March 2018, and will assume responsibility for Finance, Purchasing, Human Resources and Information Services from 1 April 2018. He succeeds former CFO Dr. Margarete Haase, 64, whose contract ends on April 30 2018. Dr. Strecker previously worked in managerial positions in the Bus and Controlling units of the Daimler Group, most notably for many years as the President and CEO of Daimler Buses North America. More recently, he was the CFO at Novoferm Group for four years, before becoming CEO of Solaris

Bryceon Sumner (Photo: Foss)

Foss Names Sumner CFO

billion government banking insurance fund. Most recently, he was CFO of Academic Partnerships, a Dallas-based educational technology provider focused on developing online classroom tools for nonprofit colleges and universities. Sumner’s strong background and expertise in the areas of corporate finance, mergers and acquisitions, strategic planning, operations and as a certified public accountant has helped provide valuable leadership and support to many companies and boards. He began his career at Ernst & Young working on several IPOs, including a banking tech IPO that was later sold for $3

Photo: Crowley

Crowley’s Solutions Group Reorganizes

for government customers. In 2016, he was awarded the Thomas Crowley Award. He joined Crowley in 2012 after a career in the U.S. Army as a transportation and logistics officer, retiring after battalion command as a lieutenant colonel. Crowley’s Rob Clapp, has been named vice president, finance and contract management, with responsibility for supporting the business activities of the solutions group, including accounting, reporting and compliance, with a primary focus on government contracts. Clapp, who joined Crowley in 1988, most recently served as vice president, planning and strategy

At the opening ceremony, front row, left to right: Juah Lawson, Chair of the Board of Directors of the Liberian Maritime Administration; Ellen Johnson-Sirleaf, President of Liberia; Abraham Avi Zaidenberg, managing director of LMTI; James Kollie, Liberian Maritime Administration Commissioner; and U.S. Ambassador Christine Elder (Photo: Liberian Registry)

Liberia Opens Maritime Training Institute

The Liberia Maritime Training Institute (LMTI) was officially opened by Liberia President Ellen Johnson-Sirleaf during an inauguration ceremony in Marshall City, Liberia, on January 5. The facility is named after John G Bestman, former Liberian finance minister and a member of the board of governors of the Central Bank of Liberia.  Under the management of the Liberian International Ship & Corporate Registry (LISCR), LMTI has undergone a massive renovation and facility modernization program over the past two years, resulting in the creation of a new campus and state-of-the-art facilities.

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.

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

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

Photo: Mercury Marine

Mercury Marine Canada Celebrates Safety Milestone

Mercury Marine Canada is celebrating a major milestone at its Milton, Ontario plant, reporting one million hours of no lost time injury. Milton, which is Mercury’s headquarters in Canada, has been injury-free since 2010.  The plant has 58 employees and houses corporate functions such as finance, sales, marketing, service and is home to Mercury finished goods, P&A and Land ‘N’ Sea Canada.  “Building and maintaining a culture of safety as well as attention to detail has been the key to our success as a business unit here in Milton” says Georges Jalbert

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

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

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

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

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

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.

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.