Norwegian offshore firm Sevan Marine has made changes to management with CFO Reese McNeel replacing Carl Lieungh as the company’s CEO.
The company said that Lieungh and the board have entered into an agreement whereby Lieungh will step down from January 1, and then continue on for the entire 2017 as an advisor with responsibilities related to various tasks within the group.
Erling Øverland, chairman of Sevan Marine, commented: “I would like to thank Carl for his great efforts during his 5 year tenure with Sevan Marine. Sevan Marine has under his leadership been transformed from an asset heavy company to a design and engineering company. This has taken place under challenging market conditions. Carl Lieungh has also dealt with various legacy issues following the restructuring and split of the company back in 2011.”
McNeel will continue to carry out the CFO role after he takes up the position of company CEO.