Norwegian offshore vessel owner DOF has announced that its chairman, Helge Møgster, will be resigning from the board of DOF and DOF Subsea after 18 years in the role.
The board will propose that Hans Olav Lindal replaces Møgster in both roles.
Møgster will still be heavily engaged in the company, and will focus his efforts on his ownership role.
“The group will be facing a very challenging period going forward, with extensive and comprehensive processes related to the refinancing of the group. This will be demanding for the board of directors and the management and will involve other and extensive requirements,” DOF said.
“Lindal has extensive experience and competence corresponding well to these challenges, and it is considered to be in the best interests of the company and shareholders that he will be leading the board of directors through this phase,” the company added.