Inactive Instrument

Kværner ASA

Equities

KVAER

NO0010605371

Kværner ASA Announces Executive Changes

February 23, 2018 at 06:30 am EST

Kværner ASA announced that Jan Arve Haugan resigns as President & CEO and from 1 March 2018, he will start his new role as CEO of the newly established oil company Aker Energy. Idar Eikrem, Executive Vice President and Chief Financial Officer in Kvaerner, is appointed interim CEO. Haugan has been President & Chief Executive Officer with Kvaerner since its demerger from Aker Solutions and stock listing in the summer of 2011.

The Board of Kvaerner has engaged an executive search company to assist in finding the right successor to further develop Kvaerner. Idar Eikrem joined Kvaerner in April 2016 as Executive Vice President & CFO. He has comprehensive experience from a variety of top management positions, including financial management and turn-around processes.

Latest news about Kværner ASA

Kværner ASA(OB:KVAER) dropped from S&P Global BMI Index	20-11-16	CI
Aker Solutions ASA (OB:AKSO) completed the acquisition of Kværner ASA (OB:KVAER).	20-11-09	CI
Aker Solutions and Kværner Plan for Merger	20-11-05	CI
Transcript : Kværner ASA, Q3 2020 Earnings Call, Oct 28, 2020	20-10-28
Aker Carbon Capture : group's billionaire owner eyes less dependence on oil	20-09-16	RE
Aker : Norway's Aker Solutions announces merger with Kvaerner, new CEO	20-07-17	RE
Transcript : Kværner ASA, Aker Solutions ASA - M&A Call	20-07-17
Aker : Norway's Aker Solutions announces merger with Kvaerner, new CEO	20-07-17	RE
Kværner ASA Announces the Resignation of Idar Eikrem as Chief Financial Officer, Effective August 1, 2020	20-07-17	CI
Kværner and Aker Solutions Join Forces to Create A New Supplier Company and Announces Appointments to New Company	20-07-17	CI
Aker Solutions ASA (OB:AKSO) agreed to acquire Kværner ASA (OB:KVAER) for NOK 2.2 billion in a merger of equals transaction.	20-07-16	CI
Transcript : Kværner ASA, Q2 2020 Earnings Call, Jul 09, 2020	20-07-09
Kværner Asa Reports Earnings Results for the Second Quarter Ended June 30, 2020	20-07-09	CI
Kværner ASA (OB:KVAER) completed the acquisition of remaining 34% stake in from Selvaag Bolig ASA (OB:SBO).	20-07-08	CI
Kværner ASA Provides Earnings Guidance for the Second Quarter and Full Year 2020	20-07-06	CI
Kværner Receives Contract to Dismantle and Recycle Three Large Topsides, Three Jackets and Four Bridges from the Valhall and Hod Fields	20-06-30	CI
Kværner : Norway's Hod oilfield revamp to cost $596 million, Aker BP says	20-06-24	RE
Kværner : Aker BP revives Hod oil project after Norway tax incentive	20-06-09	RE
Kvaerner Wins Contract for HOD	20-06-09	CI
Norway parliament grants more tax relief to oil sector	20-06-08	RE
Transcript : Kværner ASA, Q1 2020 Earnings Call, Apr 27, 2020	20-04-27
Kværner Asa Reports Earnings Results for the First Quarter Ended March 31, 2020	20-04-27	CI
Kværner ASA Approves Committee Changes	20-03-24	CI
Kværner ASA Approves Dividend for the Year 2019, Payable on or About 9 April 2020	20-03-19	CI
Kværner ASA Approves Committee Changes	20-03-19	CI

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Company Profile

Kvaerner ASA is a Norway-based engineering, procurement and construction (EPC) company. It provides technologies and products for offshore topsides, floating oil and gas facilities, substructures and complete onshore plants. Its business is divided into two segments: Upstream, and Downstream and Industrials. Upstream segment is divided into four business areas: North Sea, delivering topsides, floaters and onshore upstream facilities; Jackets, delivering steel jackets for oil and gas installations and wind jackets; Concrete Solutions, delivering concrete substructures, and International, delivering topsides, floaters and onshore facilities. Downstream & Industrials segment consists of a business area Engineering & Construction (E&C) Americas and is a contractor for onshore facilities, power plants and steel mills. In December 2013, the Company's subsidiaries divested Kvaerner North American Construction Ltd. and assets of Kvaerner North American Construction Inc. to Matrix Service Co.

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