Davie Yards Names Steinar Kulen as New President & CEO

Davie Yards has appointed Steinar Kulen as new President and CEO of the company. He will assume his new position at Davie Yards ASA in March 2008.

Mr. Kulen has almost 20 years experience from the maritime industry. His latest position has been as Deputy President, business area merchant vessels, Aker Yards ASA. Prior he served 5 years as President/CEO at Kleven Maritime AS and from 1992 up to 2001 he held several top management positions in Ulstein/Vickers/Rolls Royce Marine. He has extensive industry board experience.

Mr. Kulen is a Norwegian, born in 1954, educated from The Norwegian School of Management.

Steinar S. Kulen is to replace Sigurd Lange, who has held the position since the company started the acquisition process of Davie Quebec Inc. in March 2006.