Langøy to resign (17.11.2008)
Leif-Arne Langøy has notified Aker’s nomination committee and Board of Directors that he wishes to step down as Board Chairman and CEO of Aker ASA by year-end 2008. Mr. Langøy will continue to work for Aker and will serve on the boards of several Group companies.
- I have been subject to bouts of dizziness for the past year and a half, a problem exacerbated by business travel and flights. Since I have not fully recovered, I choose to step down as Aker’s Board Chairman and CEO out of concern for my personal health and the best interests of Aker, says Mr. Langøy.
Efforts to recruit Langøy’s successor as President and CEO are underway. A new Board Chairman will be elected by an Aker ASA extraordinary shareholders’ meeting later this year. The date of the shareholders’ meeting has not yet been finalized.
Aker’s nomination committee will recommend that Kjell Inge Røkke take over as Board Chairman, and that Leif-Arne Langøy continue to serve as a Board member. The committee will also recommend that Mr. Langøy replace Mr. Røkke as chair of Aker’s nomination committee. A similar change will be proposed to the nomination committees of other Aker companies in the spring of 2009.
- We had fervently hoped that Leif-Arne would recover and continue serving as both Board Chairman and CEO, but I fully respect his decision, says Kjell Inge Røkke, Aker’s main shareholder.
- I am grateful beyond measure for Leif-Arne’s drive, first at Aker Yards and for the past six years as Aker President and CEO, and more recently as Aker’s Board Chairman. I am pleased that he will keep working as one of the Aker team. Leif-Arne will remain one of my very closest advisors, says Mr. Røkke.
Along with continuing to serve on Aker ASA’s Board of Directors, Langøy will prioritize his Board membership at Aker Solutions. He will continue as co-owner and Deputy Board Chairman of TRG Holding, the Røkke family’s holding company. Mr. Langøy will resign his appointments at other exchange-listed Aker companies effective as of the annual shareholders’ meetings to be held in the spring of 2009.
For further information, please contact:
Geir Arne Drangeid, Senior Partner & EVP, Aker ASA. Tel: +47 24 13 00 65
Efforts to recruit Langøy’s successor as President and CEO are underway. A new Board Chairman will be elected by an Aker ASA extraordinary shareholders’ meeting later this year. The date of the shareholders’ meeting has not yet been finalized.
Aker’s nomination committee will recommend that Kjell Inge Røkke take over as Board Chairman, and that Leif-Arne Langøy continue to serve as a Board member. The committee will also recommend that Mr. Langøy replace Mr. Røkke as chair of Aker’s nomination committee. A similar change will be proposed to the nomination committees of other Aker companies in the spring of 2009.
- We had fervently hoped that Leif-Arne would recover and continue serving as both Board Chairman and CEO, but I fully respect his decision, says Kjell Inge Røkke, Aker’s main shareholder.
- I am grateful beyond measure for Leif-Arne’s drive, first at Aker Yards and for the past six years as Aker President and CEO, and more recently as Aker’s Board Chairman. I am pleased that he will keep working as one of the Aker team. Leif-Arne will remain one of my very closest advisors, says Mr. Røkke.
Along with continuing to serve on Aker ASA’s Board of Directors, Langøy will prioritize his Board membership at Aker Solutions. He will continue as co-owner and Deputy Board Chairman of TRG Holding, the Røkke family’s holding company. Mr. Langøy will resign his appointments at other exchange-listed Aker companies effective as of the annual shareholders’ meetings to be held in the spring of 2009.
For further information, please contact:
Geir Arne Drangeid, Senior Partner & EVP, Aker ASA. Tel: +47 24 13 00 65
