Nordic American Tankers (NYSE: NAT) - New CFO appointed for NAT and NAO.
(Thomson Reuters ONE) -
Hamilton, Bermuda, September 1, 2017
Nordic American Tankers (NYSE: NAT) and Nordic American Offshore (NYSE; NAO) are
pleased to announce the appointment of Mr. Bjørn Giaever (50) as Chief Financial
Officer (CFO). He is expected to join us later this year and as early as
possible. Mr. Giaever joins NAT/NAO from the well reputed firm of Fearnley
Securities AS with main office in Oslo, Norway. This is an investment bank with
special focus on the maritime sectors, where he served as a director and partner
in the Corporate Finance division.
Mr. Giaever has more than 20 years of experience in the shipping industry,
holding key roles in corporate finance and equity research. In addition to
having worked as investment banker towards the shipping & offshore industry for
the past seven years, Mr. Giaever has served as a corporate advisor in the John
Fredriksen group in London, top rated Senior Shipping Analyst in DNB Markets and
partner in Inge Steensland AS, specializing in gas related maritime matters. Mr.
Giaever holds a BSc in business and economics.
The outgoing CFO, Turid M. Sorensen, is expected to join the NAT board later.
She will be suggested at the Annual General Meeting for that position later this
year. We shall provide for a smooth transition between Mr. Giaever and Ms.
Sorensen this autumn. She is expected to leave her administrative duties in
NAT/NAO before the end of 2017.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbor protections for forward-looking statements in order to encourage
companies to provide prospective information about their business. Forward-
looking statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other
statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The words
"believe," "anticipate," "intend," "estimate," "forecast," "project," "plan,"
"potential," "will," "may," "should," "expect," "pending" and similar
expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections. We undertake no obligation to
update any forward-looking statement, whether as a result of new information,
future events or otherwise.
Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies and currencies, general market conditions, including
fluctuations in charter rates and vessel values, changes in demand in the tanker
market, as a result of changes in OPEC's petroleum production levels and world
wide oil consumption and storage, changes in our operating expenses, including
bunker prices, drydocking and insurance costs, the market for our vessels,
availability of financing and refinancing, changes in governmental rules and
regulations or actions taken by regulatory authorities, potential liability from
pending or future litigation, general domestic and international political
conditions, potential disruption of shipping routes due to accidents or
political events, vessels breakdowns and instances of off-hires and other
important factors described from time to time in the reports filed by the
Company with the Securities and Exchange Commission, including the prospectus
and related prospectus supplement, our Annual Report on Form 20-F, and our
reports on Form 6-K.
Contacts:
Herbjørn Hansson, Chairman & CEO
Nordic American Tankers Limited
Tel: +1 866 805 9504 or +47 90 14 62 91
Herbjørn Hansson, Executive Chairman
Nordic American Offshore Ltd.
Tel: +1 866 805 9504 or +47 90 14 62 91
Gary J. Wolfe
Seward & Kissel LLP
New York, USA
Tel: +1 212 574 1223
www.nat.bm www.nao.bm
Press release (PDF) :
http://hugin.info/201/R/2130973/814154.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nordic American Tankers Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.09.2017 - 15:15 Uhr
Sprache: Deutsch
News-ID 558541
Anzahl Zeichen: 5990
contact information:
Town:
Hamilton
Kategorie:
Business News
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