Jan Arve Haugan resigns as President & CEO of Kvaerner, and from March 1, 2018, he will start his new role as CEO of the newly established oil company Aker Energy. Idar Eikrem, Executive Vice President and Chief Financial Officer in Kvaerner, is appointed interim CEO.
Haugan has been President & Chief Executive Officer with Kvaerner since its demerger from Aker Solutions and stock listing in the summer of 2011.
"Under Jan Arve Haugan's management, Kvaerner has developed into a leading, renowned oil service company with EPC services as our specialty. Competitiveness, project execution and, ultimately, the results, have continued to improve. In a demanding market cycle, Kvaerner has with Jan Arve at the helm delivered god results for 26 consecutive quarters, without negative surprises at any of them. The Board of Directors wants to express its thanks to Jan Arve for his efforts as CEO. We wish him luck with the new task he now takes on", says Chairman of the Board, Leif-Arne Langøy.
Jan Arve Haugan commented, "With the emergence of Aker Energy, a new exciting opportunity materialized. In my opinion, it is a good time to hand over the torch to others. The company is solid. Kvaerner's biggest strength is its 2 700 employees, a fantastic group of people, a solid corporate culture and two well-run facilities at Stord and in Verdal".
The Board of Kvaerner has engaged an executive search company to assist in finding the right successor to further develop Kvaerner.
"We will evaluate both internal and external candidates. Until a new leader is in place, Idar Eikrem will be the interim CEO", says Chairman of the Board, Mr Langøy.
Idar Eikrem joined Kvaerner in April 2016 as Executive Vice President & CFO. He has comprehensive experience from a variety of top management positions, including financial management and turn-around processes. He holds a M.Sc. in economics and business administration from the Norwegian Sc