Songa Offshore SE : Bjørnar Iversen new CEO

Songa Offshore SE : Bjørnar Iversen new CEO

ID: 259006

(Thomson Reuters ONE) -


Limassol, Cyprus, 13(th) May, 2013 --- Songa Offshore SE (OSE: SONG) has
appointed Bjørnar Iversen as new CEO of Songa Offshore SE, effective as of June
1(st). Iversen will relocate to Limassol and take up the position only weeks
after he joined the company as president of Songa Rig AS.

* Sometimes you are simply lucky enough to find gold in your own pocket. After
a long search process and assessment of numerous candidates, we increasingly
realised that we already had the ideal candidate within our own company.
Bjørnar understands the industry after 17 years with Odfjell Drilling; he
has extensive international and operational management experience and,
importantly, a unique knowledge of the Category D project. My key task as
interim CEO was to steer the company through a few critical short-term
challenges and find a permanent successor. I am happy to now step down,
knowing that both tasks have been successfully accomplished, says interim
CEO and chairman of the board, Jens A Wilhelmsen.

Before signing with Songa in February this year, Bjørnar Iversen held a number
of senior management positions and been member of the executive leadership team
at Odfjell Drilling AS for the last 12 years. His latest position was President
and CEO of Odfjell Galvao Ltda in Brazil. During his 17 year's tenure at Odfjell
Drilling, he has been executive vice president for Corporate Business
Development, Odfjell Drilling Technology and Odfjell Well Services.

Iversen holds a Master of Science in Business (siviløkonom) from the Norwegian
School of Business and Economics (NHH), and various management courses from
Harvard Business School.

* I am very excited to get this opportunity. Songa is uniquely placed to take
a leadership position within the mid water segment in the North Sea. The




company enjoys an excellent relationship with Statoil and is in the process
of building four new Category D rigs, all with long term contracts to
Statoil. Yes, there are short-term financing challenges but none that can't
be satisfactory resolved, says Bjørnar Iversen.



For further information, please contact:

Chairman and interim CEO, Jens A Wilhelmsen, Tel+357 2520 7754 mobile
+357 9764 9126



This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Songa Offshore SE via Thomson Reuters ONE
[HUG#1701024]




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Datum: 13.05.2013 - 08:45 Uhr
Sprache: Deutsch
News-ID 259006
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