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Aker Solutions ASA
Aker Solutions ASA
Registriert in: Norwegen WKN: A0B97B Rohstoffe:
Art: Originalaktie ISIN: NO0010215684 Dienstleister
Heimatbörse: Oslo Alternativ: -
Währung: NOK    
Symbol: AKSO.OL Forum:

Lieungh leaves Aker Solutions

16.06.2010 | 8:57 Uhr | Globenewswire Europe
16 June 2010 - Simen Lieungh is stepping down from his position as President &
CEO of Aker Solutions. Chief Financial Officer Leif H. Borge will act as
President until Lieungh's successor has been recruited. During this period, Mr
Øyvind Eriksen will in his capacity as Executive Chairman of the Aker Solutions
Board take on the CEO role.

Lieungh's departure, with effect from Wednesday 16 June, has been agreed with
the Board of Directors. The Board will now start the process of identifying and
engaging his successor - a process they expect will take some time.

"Aker Solutions has moved forward under Lieungh's leadership. Despite some
challenging projects, the company has produced record results and today the
order book is in good shape" says Øyvind Eriksen. "Leif Borge and I will work
closely together, keeping a steady course until the new CEO is in place. There
will be no change in strategic direction," continues Eriksen.

Lieungh has been with the company for 22 years. After his early days as a
planning engineer, he was rapidly promoted to project director and then
executive director, before becoming President & CEO of the company.

"My departure from the company is the result of an understanding that the Board
and I have arrived at over some time. It is not a result of any specific issues
related to operations or projects. I don't intend to discuss this in any more
detail but will say that I am sorry not to be part of Aker Solutions' continuing
success, and that I look forward to seeing the results of the work that we have
started together," says Simen Lieungh.

In his interim role Øyvind Eriksen will not take part in any decisions that
concern Aker Solutions' commercial or business relations with Aker ASA or other
companies owned by Aker.

Øyvind Eriksen will continue as President & CEO of Aker ASA.

The Aker Solutions Board has appointed director Mikael Lilius as deputy
chairman. He will take an active role in the company's ongoing strategy work.
Board member Lone Fønss Schrøder will take Eriksen's place on the audit
committee until in the new President & CEO is in place.

Lieungh will receive six months' salary in lieu of notice and the equivalent of
a further 14 months' salary as severance pay. His annual salary is NOK 4.5
million. While acting as president, Leif Borge's salary will be increased by the
equivalent of NOK 1 million per year.

More information about Aker Solutions' Board of Directors and Executive
Management Team is available at www.akersolutions.com


For further information, please contact:

Geir Arne Drangeid, Exec Vice President, Communications, Aker Solutions ASA.
Tel: +47 67 51 30 36
Investor relations
Lasse Torkildsen, SVP Investor Relations, Aker Solutions ASA. Tel: +47
67 51 30 39

Career opportunities

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"),
is a leading global provider of engineering and construction services,
technology products and integrated solutions. Aker Solutions' business serves
several industries, including oil & gas, refining & chemicals, mining & metals
and power generation. The Aker Solutions group is organised in a number of
separate legal entities. Aker Solutions is used as the common brand/trademark
for most of these entities

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


Unternehmen: Aker Solutions ASA - ISIN: NO0010215684
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