Torstein Dale Sjøtveit has been appointed new the president and CEO of Aker Yards ASA.
Mr Sjøtveit comes from the global industrial company Norsk Hydro and brings a strong international top management experience. He will start in his new position with Aker Yards at the latest 1 September 2008.
Mr Sjøtveit has held a number of key management positions at Hydro since 1981, within oil and gas activities, within polymers and petrochemicals, industrial maintenance and other parts of the company's international business. He has most recently held the position as president for Hydro Aluminium Metals, Hydro's upstream aluminium business with operations in 13 countries, 5,000 employees and revenues of NOK60bn.
In March this year, Aker Yards announced the start of a recruitment process for a new CEO. In the intermediate period, the chairman of the board of directors, Svein Sivertsen, has acted as CEO.
"We are very pleased that we get Torstein Dale Sjøtveit in as the new CEO for Aker Yards. He brings with him an understanding of hands on management combined with a strong industrial experience and a strategic approach to further developing the business and the organisation", says Mr Sivertsen.
