Inactive Instrument

Kværner ASA

Equities

KVAER

NO0010605371

Kvaerner Appoints Karl-Petter Loken as New President and Chief Executive Officer

March 20, 2018

Kvaerner has appointed Karl-Petter Loken as new President and Chief Executive Officer (CEO). He will start during the spring as soon as he has ended his current position as head of Project Development for the Lundin Norway. Since 1991, he has held key positions in the oil and gas industry for companies like Statoil, Aker Solutions and Lundin Norway.

Kvaerner's EVP & CFO Idar Eikrem will continue as interim CEO until Loken takes up his position.

Latest news about Kværner ASA

Kværner ASA(OB:KVAER) dropped from S&P Global BMI Index	16/20/16	CI
Aker Solutions ASA (OB:AKSO) completed the acquisition of Kværner ASA (OB:KVAER).	10/20/10	CI
Aker Solutions and Kværner Plan for Merger	06/20/06	CI
Transcript : Kværner ASA, Q3 2020 Earnings Call, Oct 28, 2020	28/20/28
Aker Carbon Capture : group's billionaire owner eyes less dependence on oil	16/20/16	RE
Aker : Norway's Aker Solutions announces merger with Kvaerner, new CEO	17/20/17	RE
Transcript : Kværner ASA, Aker Solutions ASA - M&A Call	17/20/17
Aker : Norway's Aker Solutions announces merger with Kvaerner, new CEO	17/20/17	RE
Kværner ASA Announces the Resignation of Idar Eikrem as Chief Financial Officer, Effective August 1, 2020	17/20/17	CI
Kværner and Aker Solutions Join Forces to Create A New Supplier Company and Announces Appointments to New Company	17/20/17	CI
Aker Solutions ASA (OB:AKSO) agreed to acquire Kværner ASA (OB:KVAER) for NOK 2.2 billion in a merger of equals transaction.	17/20/17	CI
Transcript : Kværner ASA, Q2 2020 Earnings Call, Jul 09, 2020	09/20/09
Kværner Asa Reports Earnings Results for the Second Quarter Ended June 30, 2020	09/20/09	CI
Kværner ASA (OB:KVAER) completed the acquisition of remaining 34% stake in from Selvaag Bolig ASA (OB:SBO).	09/20/09	CI
Kværner ASA Provides Earnings Guidance for the Second Quarter and Full Year 2020	06/20/06	CI
Kværner Receives Contract to Dismantle and Recycle Three Large Topsides, Three Jackets and Four Bridges from the Valhall and Hod Fields	30/20/30	CI
Kværner : Norway's Hod oilfield revamp to cost $596 million, Aker BP says	24/20/24	RE
Kværner : Aker BP revives Hod oil project after Norway tax incentive	09/20/09	RE
Kvaerner Wins Contract for HOD	09/20/09	CI
Norway parliament grants more tax relief to oil sector	08/20/08	RE
Transcript : Kværner ASA, Q1 2020 Earnings Call, Apr 27, 2020	27/20/27
Kværner Asa Reports Earnings Results for the First Quarter Ended March 31, 2020	27/20/27	CI
Kværner ASA Approves Committee Changes	24/20/24	CI
Kværner ASA Approves Dividend for the Year 2019, Payable on or About 9 April 2020	19/20/19	CI
Kværner ASA Approves Committee Changes	19/20/19	CI

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Company Profile

Kvaerner ASA is a Norway-based engineering, procurement and construction (EPC) company. It provides technologies and products for offshore topsides, floating oil and gas facilities, substructures and complete onshore plants. Its business is divided into two segments: Upstream, and Downstream and Industrials. Upstream segment is divided into four business areas: North Sea, delivering topsides, floaters and onshore upstream facilities; Jackets, delivering steel jackets for oil and gas installations and wind jackets; Concrete Solutions, delivering concrete substructures, and International, delivering topsides, floaters and onshore facilities. Downstream & Industrials segment consists of a business area Engineering & Construction (E&C) Americas and is a contractor for onshore facilities, power plants and steel mills. In December 2013, the Company's subsidiaries divested Kvaerner North American Construction Ltd. and assets of Kvaerner North American Construction Inc. to Matrix Service Co.

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