By November 1, 2023, Terje Askvig will take his new role as the CEO of Prosafe. Until then, Reese McNeel will continue as interim CEO, Prosafe said in a press release.
Terje Askvig has experience from shipping, oil service, family office and private equity. For the last 11 years, he has been Operating Partner and Senior Advisor in Triton Partners, a leading European private equity firm, Prosafe said.
Before joining Triton Partners, Askvig worked as CEO of Eitzen Chemical for five years and seven years in Fred. Olsen & Co, including Managing Director of Fred. Olsen Renewables. Askvig also worked five years as CEO in London for BT Shipping and for a family office, Pausco, according to Prosafe.
During his period as partner with Triton Partners, he was Chairman/Board member of DeepOcean, Chairman and “deal Captain” of Nordic Tankers and Herning Shipping (Denmark), as well as holding directorships on various other Triton related companies. In addition to his board positions at Triton Partners, he has also served or is serving on the board of OSM Thome Group and Avarn Security Group, as well as chairing the nomination committee of Höegh Autoliners, the statement reads.
“The board is pleased that Terje has accepted to become CEO of Prosafe SE. He has a unique background as CEO and Chairman in several companies and has very relevant, strategic, financing and transaction experience from Private Equity in addition to his operational experience. Terje’s experience and track record fits well with Prosafe’s strategic agenda in a volatile short term and clearly improving market for high end offshore accommodation. The Board is confident that Terje will complement and strengthen the existing executive team in Prosafe,” company Chairman Glen Rødland, said.
Reese McNeel will continue as CFO from November 1, after leading the company as interim CEO. He took up the interim position at the end of May, a month after Jesper Kragh Andersen decided to step down as CEO.
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