Oslo: Norwegian oilfield service firm Akastor has appointed Aker Philadelphia Shipyard chairman, Kristian Røkke, as its new CEO effective August 10.
Røkke will replace Frank O. Reite, who moves to parent company Aker to take up the role of CFO.
Øyvind Eriksen, chairman of Akastor and CEO of Aker, commented: “I am very pleased that Kristian has accepted the position at the helm of Akastor. Kristian has been instrumental in the successful turnaround process at Aker Philadelphia Shipyard, as both Chairman and CEO.”
Røkke will take up an annual salary of NOK 3.5m ($430k) plus a share scheme and manager incentive scheme, while also remaining in his position of chairman at Aker Philadelphia Shipyard.
