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Kvaerner changes EVP and CFO

Eiliv Gjesdal, Kvaerner's executive vice president and CFO, has decided to step down and will be replaced by Idar Eikrem
Kvaerner changes EVP and CFO

Eiliv Gjesdal, the current executive vice president and CFO at Kvaerner, has decided to step down from the role as CFO as of 6 April 2016. Gjesdal will work with special tasks until his notice period ends 30 June 2016.

"Gjesdal started as CFO in Kvaerner when the company was demerged from Aker Solutions in 2011,” said Jan Arve Haugan, president and CEO. “During a period of five years, he made significant contributions to Kvaerner's development and financial management. He has been an important part of our executive management team and has provided strong support to our colleagues. We wish Gjesdal all the best in his future assignments.”

Idar Eikrem has been appointed as new executive vice president and CFO. He will start in his new position 5 April 2016 and will be supported by Gjesdal in a period until his notice period ends. 

"Eikrem has an outstanding record and a perfect background for this leadership role in our team, and it was good to get him on board. I am looking forward to a seamless transition and wish him welcome to the team,” said Haugan.

Eikrem, 53, was born in Norway and holds a master’s in science in economics and business administration from the Norwegian School of Economics and Business Administration in Bergen, Norway. He is also a state-authorized public accountant. Eikrem has comprehensive experience from a variety of top management positions, including financial management, and turn-around processes. He was, until 2014, executive vice president and CFO for the leading contracting group Aibel, and has also held management positions overseas for the same company. Eikrem's former experience also includes the position as CFO for the Canadian company Synenco Energy. He also worked for 15 years at Norsk Hydro where he held several positions in financial management in Norway and Singapore, and also as head of investor relations.

Image: Eiliv Gjesdal/ Kvaerner Flickr

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