NorYards Appoints Neteland as Interim CEO

Johannes Neteland, the former head of marine and offshore industry supplier TTS Group, has been appointed CEO of NorYards AS effective 1 March 2014.  For Neteland, the appointment is only temporary however, as a more permanent CEO is considered within the next six months.

NorYards, a full-scope shipbuilding and design company focused on the design and construction of advanced offshore vessels, is a joint venture between Bergen Group and Calexco.

Bergen Group notes on their website the sale of their shipbuilding division to NorYards, previously announced last July, will be completed by end of Q1 2014, at which time Calexco will acquire the majority ownership in NorYards AS consisting of NorYards BMV and NorYards Fosen. These two Norwegian shipyards will together with NorYards Design & Engineering and NorYards Zaliv (Zaliv Shipyard, Ukraine) as a strategic partner, form the NorYards Group.

In a NorYards extraordinary General Meeting this week, Mykola Kuzmenko was elected as new chairman of the Board of Directors in the company, replacing Mr. Sutharshan Tharmaratnam. Mr. Kuzmenko, representing Calexco S.a.r.l. as the future majority owner of NorYards AS, is also the Chairman of the Supervisory Board of JSC Shipyard Zaliv in Ukraine. In addition, Asle Solheim was also elected as a board member in NorYards AS.  Solheim is CEO in Bergen Group ASA.