New CEO Appointed at Family-Owned Ulstein

Mike Schuler
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October 13, 2020

Gunvor Ulstein, picture right, with Catherine Marti. Photo courtesy Ulstein

Family-held Norwegian shipbuilder Ulstein Group has appointed a new CEO to lead the company as its former CEO, Gunvor Ulstein, announced she is stepping down.

Gunvor Ulstein has served in the CEO role for 22 years. In a statement, the Ulstein Group said she will remain active in the company by focussing on Ulstein’s “longer-term possibilities” together with Tore Ulstein, who serves as Chairman of the Board.

“Stepping down as CEO does not reduce my dedication to Ulstein Group,” said Gunvor Ulstein. “Through my positions as Chair of the Board of Ulsmo (Ulstein Group’s majority owner) and board member of several Ulstein companies, I will continue my engagement to ensure a viable future for the group.”

To fill the CEO position, the Ulstein family has selected Cathrine K. Marti, who has served as the group CFO for the past six years. She is set to take reigns starting November 1.

Tore stepped previously down from his operational positions in Ulstein on 1 September 2020.

“Ulstein is a family owned company. With my decision to step down from the operational role, I will be able to, through my role as Chair of Ulsmo and together with the Chair of the Board of Ulstein Group, Tore Ulstein, concentrate on the more long-term and strategic opportunities for the group and the maritime industry.

Gunvor added some comments on the challenges it currently faces with the COVID-19 crisis.

“We have always adapted the group to the market, and we will continue to do so through continuous change and development. After having completed the transition from oil and gas and into new segments, COVID-19 put us to the test. COVID-19 has impacted most businesses regardless of industry, we have adapted to a new everyday life and constantly changing regulations, and we must expect to continue with this until a vaccine is in place,” she says.

Marti holds a Master’s degree in Economics from the Université Toulouse 1 Capitole/McGill University and, before Ulstein, previously worked in the maritime industry at Höegh Autoliners and DnB Shipping & Offshore.

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