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MANAGEMENT CHANGES AT ULSTEIN GROUP

Tuesday, October 13, 2020 

After almost 22 years as CEO, Gunvor Ulstein has decided to step down from her current role au Ulstein group; instead she and Tore Ulstein will concentrate on the longer-term possibilities for the group.

The new CEO will be Cathrine K Marti (pictured), former CFO. Throughout her whole career, she has worked in the maritime industry, before Ulstein at Höegh Autoliners and DnB Shipping & Offshore.

Gunvor Ulstein said: “Stepping down as CEO does not reduce my dedication to Ulstein Group. Through my positions as Chair of the Board of Ulsmo (Ulstein Group’s majority owner) and board member of several Ulstein companies, I will continue my engagement to ensure a viable future for the group. Ulstein is a family owned company. With my decision to step down from the operational role, I will be able to, through my role as Chair of Ulsmo and together with the Chair of the Board of Ulstein Group, Tore Ulstein, concentrate on the more long-term and strategic opportunities for the group and the maritime industry. We have always adapted the group to the market, and we will continue to do so through continuous change and development. After having completed the transition from oil and gas and into new segments, COVID-19 put us to the test. COVID-19 has impacted most businesses regardless of industry, we have adapted to a new everyday life and constantly changing regulations, and we must expect to continue with this until a vaccine is in place”, she says.

“Gunvor is known as a skilled and vigorous CEO, and as Chair of the Board I would like to thank her for her great commitment through many years, in Ulstein Group and also outside the company. I look forward to our further collaboration on the development of Ulstein Group”, said Tore Ulstein.

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