Kvaerner CEO to Become CEO of Aker Energy



Kvaerner CEO to Become CEO of Aker Energy
Jan Arve Haugan will start his new role as the CEO of newly established oil company Aker Energy on March 1, after resigning as president and CEO of Kvaerner.

Jan Arve Haugan will start his new role as the CEO of newly established oil company Aker Energy on March 1, after resigning as president and CEO of Kvaerner.

Haugan has been president and CEO of Kvaerner since its demerger from Aker Solutions and stock listing in the summer of 2011. Idar Eikrem, executive vice president and chief financial officer at Kvaerner, has been appointed interim CEO.

"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,” chairman of the Kvaerner board, Leif-Arne Langøy, said in a company statement.

“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,” he added.

Jan Arve Haugan said the emergence of Aker Energy produced an exciting opportunity.

“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,” Haugan said in a company statement.



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