GC Rieber boss to lead Shearwater for now

Following the establishment of the new marine geophysical company Shearwater GeoServices, jointly owned by GC Rieber Shipping and Rasmussengruppen, GC Rieber chief executive will temporarily leave that position to perform the role of an interim CEO at Shearwater. 

The new marine geophysical player was established in October this year taking over four GC Rieber’s seismic vessels: Polar Empress, Polar Duke, Polar Duchess, and Polar Marquis. Upon the completion of the transaction, expected in the fourth quarter of this year, the new Bergen-headquartered company will be owned 50/50 by GC Rieber Shipping and Rasmussengruppen.

In a statement on Friday, GC Rieber said Irene Waage Basili will temporarily vacate her position as CEO of GC Rieber Shipping to fully focus on Shearwater. Waage Basili has been CEO of GC Rieber since March 2011.

The company added: “Shearwater has been very well received in the market and the owners have identified a need for a CEO and a management with full focus and dedication during the initial phase in the company’s development.”

Due to Waage Basili’s temporary absence from the role of GC Rieber Shipping boss, the company’s chief financial officer (CFO) Einar Ytredal will take the position as acting CEO at GC Rieber while Øystein Kvåle, employed in GC Rieber AS, will replace Ytredal as acting CFO in GC Rieber Shipping.

The management changes will have immediate effect and Shearwater GeoServices has initiated a process to recruit a permanent CEO.

Offshore Energy Today Staff

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