Change of CFO in Sevan Marine

Mr. Kjetil Vangsnes has accepted the role as permanent CFO of Sevan Marine and will commence his engagement on January 01, 2012. Mr. Reese McNeel Interim CFO will step down from his position at that time. Mr. McNeel will continue to support the finance organisation of Sevan Marine post Mr. Vangsnæs’ appointment to ensure a smooth and orderly handover.

Mr. Vangsnes holds a Master of Business Administration from INSEAD, France, and a Master of Science (Nw. Siviløkonom) from the Norwegian School of Economics and Business Administration (Nw. Handelshøyskolen), Norway. He has 20 years of experience as CFO in shipping, oil services and industrial enterprises. Currently, Mr. Vangsnes is a partner with KVC Management AS, Norway engaging in management for hire and guidance to start-up enterprises. His professional experience also includes roles as CFO and Acting CEO in the ship chartering and operations company Western Bulk (2006-2009), CFO of the marine oil services company Technip Norge (2002-2006), CFO of the medical equipment company GE Vingmed Ultrasound, and CFO of the heavy machinery company Stord International AS. Mr. Vangsnes is a Norwegian citizen, residing in Horten, Norway.

”We continue to strengthen the organization within financial control, project execution and operation, and I am very pleased to welcome Kjetil on board our team. We would like to thank Mr. McNeel for all his efforts of the past months and his invaluable guidance in helping Sevan Marine through the restructuring process.”, says CEO, Carl Lieungh

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Offshore Nieuws Staff , December 8, 2011; Image: sevanmarine