Songa Offshore SE (“Songa” or the “company”) has accepted the resignation of the company’s CEO, Asbjørn Vavik. Effective immediately, Jens A Wilhelmsen, Chairman of the Board of Directors, will assume the additional role as interim CEO. Mr Vavik will remain at the company’s disposal to conclude on-going projects.
The company is thankful to Mr Vavik for his contribution in positioning Songa as a leading rig operator on the Norwegian continental shelf, and in securing significant long-term contracts with Statoil. We have, however, now come to a crossroads where it is right to part company, says Jens A Wilhelmsen.
The Board has started the search for a new CEO and shall also use the next few weeks to undertake a thorough assessment of key strategic and operational issues. Consequently, the Board has decided to make the announcement of the company’s Q3 results on November 26, 2012.
Press Release, October 26, 2012
