Akastor has appointed Karl Erik Kjelstad as its new chief executive officer from January 1, 2018.
Kjelstad succeeds Kristian Røkke (pictured) who is taking up the position as chief investment officer of parent company Aker. Røkke is also being nominated to the role of Akastor chairman.
“It has been a pleasure to lead Akastor and I am proud of what the team has accomplished. The company has focused its portfolio, strengthened its balance sheet, and is well positioned to further develop its core assets – MHWirth and AKOFS Offshore – over the coming years,” said Røkke.
Røkke is also resigning from Aker’s board of directors to take up the new role, but will continue as a board member of Aker’s principal shareholder TRG Holding AS.