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Sunday, July 12, 2020

Finance News

NPD Director General Ingrid Sølvberg - Credit/NPD

Norwegian Petroleum Directorate Names New Senior Management Team

and commercial development company in the Stavanger region.Her previous positions have included market director in Stavanger Aftenblad, managing director for Prekubator Technology Transfer Office and managing director in Stavanger Helseforsikring. Prior to that, she was a controller and head of finances and planning in what was then Statoil, and she also worked as a commercial financial consultant in SR-Finans.She also has experience from public administration as chair of the board of the Industrial Development Corporation of Norway, Siva.Ola Anders Skauby (47) will be Director of communications

(File photo: VT Halter Marine)

Merchent Named CEO of VT Halter Marine

career there as the Vice President, Surface Combatants, Fleet Services and U.S. Coast Guard Programs.Merchent has a Bachelor’s of Science in business management from the University of Southern Mississippi, as well as certificates on executive leadership from the Harvard Business School; executive finance from the Wharton School of Business; executive marketing from the University of Maryland

Kjetil Ramstad - Credit: Solstad Offshore

Solstad Offshore Names New CFO

Norwegian offshore vessel provider Solstad Offshore has appointed Kjetil Ramstad as the CFO position. Ramstad comes from the position as Finance Director in Solstad Offshore and has worked for the company since 2018. Prior to joining Solstad Offshore, he was Finance Director and CFO for the DeepOcean group from 2008 to 2018. Lars Peder Solstad, CEO of Solstad Offshore said:"I am very pleased to have Kjetil as new CFO in Solstad. He has a strong financial background and a solid operational experience from global businesses. Together with Mr. Eivind Kvilhaug, Vice President Finance

Don E. Wallette - Image Credit: ConocoPhillips

ConocoPhillips CFO Retires After 39 Years with the Company

more than 34 years of experience in leading engineering, operations, commercial and business development functions across the company. Bullock has a bachelor’s degree in chemical engineering from Texas A&M University and a master’s degree in business administration with an emphasis in finance from Oklahoma City University.Ryan Lance, chairman, and chief executive officer: "I want to thank Don for his many contributions over the course of his distinguished career at ConocoPhillips,” said: “As a highly valued member of our company’s executive leadership team, Don

Map showing KrisEnergy's assets - Credit: KrisEnergy

KrisEnergy's Ang Becomes Permanent CFO

, and upon the recommendation of the Nominating Committee, has approved the appointment of Ms. Joanne Ang as the permanent Chief Financial Officer of thethe company,” KrisEnergy's Board of Directors said.Ang, who was appointed interim CFO in April 2019, joined KrisEnergy in 2013 as Corporate Finance Manager and was appointed Group Treasury Manager in the following year. She began her career with the Commonwealth Bank of Australia in Sydney in 1999 in financial market operations and progressed to research analyst before departing in 2007. Ang moved to Singapore in 2008 and joined CLSA

Image Credit: Cairn Energy

Cairn Chairman to Retire

the Board of Cairn until such process is completed, which is anticipated to take place within the next twelve months. A further announcement will be made in due course," the company said.Tyler qualified as a chartered accountant with Arthur Andersen in 1985, subsequently holding a number of senior finance and operational positions within listed companies before being appointed Chief Executive of Balfour Beatty plc from 2005 to 2013. During this time, he took the company from being primarily a UK construction business to a global infrastructure services business

© Ernst-Gert Schmidt / MarineTraffic.com

X-Press Feeders Names Yoskovitz CEO

on ensuring that the dynamism of X-Press is maintained into the future," Hartnoll said. "I have decided to hand the role of CEO to Shmuel effective May 4, 2020, which will enable me to function at a higher level as Chairman of the Group." In addition, Ofir Vilzig will be promoted to Finance Director, the company said

Nigel Underwood - Image Credit: Xodus

Xodus Names Subsea and Pipelines Branch Boss

, always putting our clients’ needs first.”Rebecca Hewlett, Xodus’ operations director for London & the Middle East said: “Nigel has extensive experience across subsea and pipelines projects ranging from concept to decommissioning. He has also supported many energy producers, finance houses and legal firms for expert witness, due diligence, and assurance scopes throughout his career."There’s been a trend of several former employees re-join us recently which reinforces the positive culture Xodus promotes and we’re happy to have Nigel back leading our subsea and

Lasse Carøe Henningsen, 46, will become the new Chief Financial Officer (CFO) at Hamburg Süd

Henningsen Named CFO at Hamburg Süd

December 2017 and will be returning to Maersk in Copenhagen at the end of June. Already at the end of February 2020, he in parallel assumed the position of CFO of the Maersk division Ocean & Logistics there. When Henningsen starts at Hamburg Süd on June 1, he will be in charge of the Business Finance and Accounting divisions as well as the important SAP project. He and Dr. Arnt Vespermann, the company’s Chief Executive Officer (CEO), will together make up the Management Board of Hamburg Süd.Lasse Carøe Henningsen is a proven financial expert who has spent many years of his

James Clayton  (Photo: CJC)

CJC Appoints Two New Directors

of affreightment and bills of lading, as well as for marine insurance issues including collisions, groundings, salvage and pollution. Ealand has experience of all aspects of commercial arbitration and High Court matters in a Maritime law context.Specializing in transactional, corporate and ship finance law, James Clayton takes up a role as Director after nearly five years as a Senior Associate with CJC. Having advised on ship financing, restructuring, sale & purchase, construction and general commercial shipping contracts, Clayton also has experience in offshore O&G transactions, leasing

Bleo Holm FPSO used for production from Repsol Sinopec's Blake and Ross fields - Image Credit: Repsol Sinopec

Repsol Sinopec Resources UK Names New CEO

.”Muñoz holds academic qualifications from the Universities of Leon (Bachelor of Business Administration) and Limerick (Bachelor of Marketing); from IESE-ISE (Masters, Oil and Gas); from Instituto de Empresa (Management Fundamentals); and most recently from IEB in Madrid (Masters, Corporate Finance and Investment Banking).According to info on the company's website, the Aberdeen-based oil company has interests in 48 fields, of which it operates 38, on the UK Continental Shelf with 11 offshore installations and two onshore terminals. 

Gary Paver is ASCO's new CFO- Image by ASCO

ASCO Names New CFO

Offshore oil and gas logistics company ASCO has appointed Gary Paver as its new Group Chief Financial Officer.Paver is a Chartered Accountant with over 25 years' experience in oil and gas including roles with Halliburton, Petroleum Engineering Services and most recently as Senior Vice President, Finance for KCA Deutag.Commenting on his appointment, Paver said: "I am proud to be joining a company that is leading the way in its field. ASCO has an exceptional reputation and I believe is in a fantastic position to maximize this within existing and new markets.“I have gained considerable

Markus Wenker (Photo: FSL Trust)

FSL Trust Names Wenker CFO

Singapore-based First Ship Lease Trust (FSL Trust) has appointed Markus Wenker as chief financial officer, to replace Alan Mitchell, who is retiring.Wenker will take over the role and responsibilities May 4, following a handover process.Wenker was most recently head of ship finance at Hellenic Bank from 2016. Previously, he held a number of roles at HSH Nordbank from 2002 to 2016.FSL Trust's current fleet of 16 vessels comprises containerships and a variety of tankers. Of these, 10 vessels are leased to international shipping companies on long-term bareboat charters. Six vessels are employed on

© Eugene Sergeev / Adobe Stock

Golar LNG Appoints New CFO

, Mitchell-Thomson, has 21 years of experience advising energy, utility and infrastructure companies on M&A and capital markets transactions while working for JP Morgan. During this time, he was Co-Head of Energy, Utility and Infrastructure Investment Banking in EMEA for 10 years; Head of Corporate Finance in EMEA for 3 years and Head of Investment Banking in Germany for two years. He has also been a member of the EMEA Banking Management Committee and a supervisory board member of JP Morgan AG. Since leaving JPMorgan he has worked in the UK Parliament as a Parliamentary Adviser on European, Economic

Elina Papageorgiou (Photo: LR)

LR Appoints Papageorgiou as M&O President

Lloyd’s Register (LR) has appointed Elina Papageorgiou as its new Marine and Offshore President for UK and Ireland, commencing on April 1, 2020.Papageorgiou has held a variety of roles across North and South Europe in sales, marketing and finance functions since joining LR in 2004. Most recently, she led LR’s Marine and Offshore sales teams in 11 different countries across South Europe.Papageorgiou graduated with a BSc in Economics from Brunel University and has an MBA from Imperial College London.  

Patrick Jany (File photo: Clariant)

Maersk Names Jany CFO

May 1, 2020.Jany, a German citizen, joins the world's largest shipping company as CFO and a member of the executive board after more than two decades with Swiss chemicals company Clariant, where he's been CFO since 2006. Prior to his role as CFO, he held several leadership positions within finance, general management and corporate development in Clariant in Germany, Mexico, Singapore, Indonesia and Spain.“I am pleased to welcome Patrick Jany to A. P. Moller - Maersk where he will play a key role in the acceleration of our strategic transformation. Patrick brings solid financial experience

Ulrik Silversparre Bodholdt (Photo: Dan-Bunkering)

Dan-Bunkering Appoints Finance Director

A/S Dan-Bunkering Ltd. appointed Ulrik Silversparre Bodholdt as Finance Director as of January 1, 2020.Bodholdt joins Dan-Bunkering from a position as Auditor and Department Manager with a large renowned accountancy firm and will be based in Dan-Bunkering’s office in Copenhagen.Bodholdt will have the overall responsibility for the finance functions across the group’s 12 offices.

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