aker philadelphia shipyard

Aker Philadelphia Shipyard Appoints New CEO

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November 5, 2014

Photo credit: Aker Philadelphia Shipyard

Jones Act shipbuilder Aker Philadelphia Shipyard ASA (Oslo: AKPS) has announced that its Board of Directors has appointed Steinar Nerbovik as President and CEO of Aker Philadelphia Shipyard ASA effective today, November 5, 2014.

Nerbovik has served as the Company’s Managing Director for the past seven months and was previously the AKPS’s Senior Vice President of Operations. Kristian Rokke will continue as Chairman of the Board of AKPS, but in a non-executive capacity.

AKPS said that the changes are in line with the its transition plans previously announced on March 19 of this year.

“Today’s announcement is mostly a formality given Steinar’s prominent role at the Company since 2013 and follows the plan set earlier this year, but nonetheless, it is an important milestone for AKPS,” said Mr. Rokke. “Steinar is a proven leader with exceptional shipbuilding know-how and I am confident that he will accelerate the Company’s pace of progress along with the management team.”

“The shipyard is in a robust position right now with an order book through 2018,” remarked Mr. Nerbovik. “Kristian is a well-respected leader who paved the way for a strong future at AKPS and my main focus will be to capitalize on these opportunities in addition to creating new ones. I look forward to working with all of our stakeholders to deliver on our commitments.”

The Company’s Board of Directors remains unchanged and consists of Kristian Rokke, Audun Stensvold, Elin Karfjell, and Amy Humphreys.

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