Aker Yards Names New Chief of Staff

Magne Hovden has been appointed Chief of Staff for Aker Yards ASA, reporting to the President & CEO. Hovden comes from the position as senior vice president for corporate HR & HSE for Aker Solutions and brings with him solid management experience.

Magne Hovden has ten years experience from several management positions within Aker Solutions, and has for the last three years been responsible for the corporation's human resources and HSE function.

"We are very pleased to get Magne Hovden in as Chief of Staff," said Svein Sivertsen, acting CEO and Chairman of the Board of Directors. "He brings with him a solid management experience and understanding from an international industrial company, and he will be able to contribute to the further development of the organization."

Magne Hovden succeeds acting Chief of Staff, Sissel Anne Lindland, who has decided to leave Aker Yards. Hovden will formally take up his new position with Aker Yards from August 15, 2008. As per June 3, 2008, Hovden owns 4,000 shares in Aker Yards.

"We are sorry that Sissel Anne Lindland has decided to leave the company," continued Sivertsen. "As responsible for Corporate HR and acting Chief of Staff, she has been instrumental in the development of our company culture and of the organization. We wish her good luck in her future career."

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