Ratos AB: Mads Andersen takes over as new CEO of Aibel
(Thomson Reuters ONE) -
This information is disclosed pursuant to the Swedish Securities Market Act, the
Swedish Financial Instruments Trading Act or requirements stipulated in the
listing agreement.
In conjunction with the retirement of Aibel's current CEO, Jan Skogseth, Mads
Andersen has been appointed to take over the role as CEO from 1 January 2017.
Mads has extensive industry experience and is currently President of OneSubsea
Processing System which is owned by Schlumberger.
Mads Andersen has solid experience gained from management positions in the oil
and gas industry. These include his current position as President of OneSubsea
Processing System and previously as Cameron International's Country Manager for
Norway, Executive Vice President at Aker Solutions and President of Maritime
Well Services. Mads is 51 and holds a BSc Mechanical Engineering from the
University of Glasgow and an associate degree in Business/Managerial Economics
from BI Norwegian Business School. He replaces Jan Skogseth, who has been CEO of
Aibel since 2008 and who is retiring at the age of 62.
"Aibel is a fantastic company, which I have been entrusted with leading over
many years and during this period we have shown that we are extremely
competitive and we have created a strong market position that enables the
possibility of continued expansion, both inside and outside of existing areas",
says Jan Skogseth, CEO of Aibel.
"The Board has many reasons for thanking Jan Skogseth for his strong
contribution over the years. He has successfully strengthened the company's
position and is now handing it over at a phase where the company has a stable
platform for continued development. We also believe that Mads Andersen, with his
extensive experience from the oil and gas industry, can continue to lead the
company through the challenges facing the industry and leverage the
opportunities and potential that can be realised", says Helge Midttun, Chairman
of Aibel.
Jan Skogseth will remain as CEO until the end of 2016 and Mads Andersen will
take over the reins on 1 January 2017. Jan will assume an advisory role at the
company in the spring of 2017 to ensure a structured handover.
Aibel was acquired in 2013 and is a leading Norwegian supplier of maintenance
and modification services (MMO and Modification) for oil and gas production
platforms as well as new construction projects (Field Development) within oil,
gas and renewable energy. The company has about 4,500 employees, reported sales
of NOK 7,385m in 2015 and an operating profit (EBITA) of NOK 459m.
For questions, please contact:
Henrik Joelsson, Investment Director, +46 8 700 17 00
Elin Ljung, Head of Corporate Communications, +46 8 700 17 20
Financial calendar from Ratos:
Interim report January-June 2016 19 August 2016
Interim report January-September 2016 10 November 2016
Ratos owns and develops unlisted medium-sized Nordic companies. The company's
goal as an active owner is to contribute to the long-term and sustainable
business development of its companies and to conduct value-generating
transactions. Ratos's portfolio comprises AH Industries, Aibel, airteam,
ArcusGruppen, Biolin Scientific, Bisnode, Diab, Euromaint, GS-Hydro, HENT, HL
Display, Jøtul, KVD, Ledil, Mobile Climate Control, Nebula, Serena Properties,
Speed Group and TFS. Ratos is listed on Nasdaq Stockholm and has a total of
approximately 16,000 employees.
Press Release (PDF):
http://hugin.info/1180/R/2020400/750408.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: Ratos via GlobeNewswire
[HUG#2020400]
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2016 - 08:14 Uhr
Sprache: Deutsch
News-ID 477468
Anzahl Zeichen: 4433
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Ratos AB: Mads Andersen takes over as new CEO of Aibel"
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