Prosafe's Board of Directors has appointed Karl Ronny Klungtvedt (37) as the new CEO of Prosafe SE. Mr Klungtvedt will take up his new position on 1 October and will be based in Larnaca, Cyprus.
"Our priority was to find a capable CEO with the management skills needed to build on Prosafe's strong position in the accommodation business segment in the highly competitive oil and gas industry," says Michael R. Parker, Chairman of the Board. "We have been pleased to make the appointment from within our own organisation, where Karl Ronny Klungtvedt has performed to the highest level, and is highly respected amongst co-workers, investors and other stakeholders. He brings to the role a sound understanding of the company and the industry which will enable him to grow the organisation into the future."
Karl Ronny Klungtvedt joined Prosafe in 2002 and has held several senior positions in Prosafe's management including Chief Financial Officer and latest as Executive Vice President Strategy and Planning. Prior to joining Prosafe, he held various positions in Nordea and Accenture. Mr Klungtvedt holds an MPhil in Economics from University of Cambridge and a BEng in Engineering from University of Newcastle upon Tyne.
Karl Ronny Klungtvedt says: "I am delighted with the appointment. The company is now established as the lead supplier in its market and my role will be to maintain that position and grow the company further for the benefit of our shareholders, employees, clients and other stakeholders."
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 218.6 million in 2009. The company operates globally, employs approx. 400 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.
Larnaca, 26 August 2010
The board of directors of Prosafe SE
For further information, please contact:
Michael Raymond Parker, Chairman of the Board of Prosafe SE
Phone: +34 648 086 895
Arne Austreid, President and CEO
Phone: +357 992 75 030
Karl Ronny Klungtvedt, EVP Strategy and Corporate Planning
Phone: +47 908 81 657