Akastor Appoints New CEO

Oil-services investment company Akastor announced Thursday that its board of directors has appointed Kristian Rokke as its chief executive officer, effective August 10, 2015.

Rokke will succeed Frank O. Reite, who will take the position of chief financial officer at Aker. Rokke is currently the chairman of Aker Philadelphia Shipyard (AKPS) and previously held the position of AKPS President & CEO.

Oyvind Eriksen, chairman of the board in Akastor and CEO of Aker ASA, commented in a company statement:

"I am very pleased that Kristian has accepted the position at the helm of Akastor. Kristian has been instrumental in the successful turnaround process at Aker Philadelphia Shipyard, as both chairman and CEO. Kristian’s experience, competence and track record will constitute a unique force in Akastor. At the same time, I would like to thank Frank for his efforts in establishing Akastor. Since the split of Aker Solutions last year, Frank and his team have taken the businesses in the portfolio of Akastor to be independent, strong and well-run companies. All of Akastor’s investments are now established with individual boards, management, names and identities, and are well positioned to be developed into attractive investments to its shareholders."            

Commenting on his new role, Kristian Rokke said in a company release:

"It’s a true honor to be able to lead Akastor into the future. While I have great respect for this challenge, Akastor represents a wide-range of exciting opportunities and I am deeply committed to making the most of its potential. I am impressed by what Frank and his team have already put in place in terms of teams, systems and structure, and I am looking forward to building off this by accelerating the pace of progress."



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