Kvaerner appoints Executive Vice President for International operations

3 October 2011 - Kvaerner has appointed Tony Allen as Executive Vice President for its International business area.  As one of the world's leading contractors for new offshore platforms and onshore facilities, Kvaerner has stated clear growth ambitions in selected regions around the world. Tony Allen will have an important role in this strategy, and brings with him extensive experience and demonstrated results from previous international top management positions in the oil and gas industry.

Tony Allen has more than 30 years of industry experience and has been part of the corporate management with several of the leading EPC contractors for the oil and gas industry, including SNC-Lavalin Inc., Humphries & Glasgow and Earl and Wright. He also worked as a Project Manager and Technical Director for Kvaerner in the 1990s.

"We are pleased that we now have in place a manager with extensive experience within this area, and who will be able to further develop our international operations in line with our ambitions", says Jan Arve Haugan, President & CEO for Kvaerner.

Mr. Allen is a British citizen, with hands-on experience from work in several different countries. He has a track record as a manager for several of the world's most demanding projects, including working with offshore developments and other projects in South East Asia, Africa, the North Sea, South and North America.  Allen holds a B.Sc. degree and is a Chartered Engineer.

"I am excited about joining Kvaerner", said Tony Allen.  "This organisation has been specifically established to serve the growing offshore and onshore market.  The strategic position that Kvaerner has taken as a specialist contractor delivering the most demanding projects around the world is impressive.  Few contractors have such an extensive track record to tackle such assignments".

Tony Allen will take up his new position on 3 October and will be based at Kvaerner's central London office.

ENDS

 

For further information, please contact:

Media:
Mariken Holter, SVP Communications, Kvaerner, Tel: +47 67 52 74 35, Mob: +47 917 87 358

 

Investor relations:
Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel: +47 67 59 50 46, Mob: +47 950 38 364

 

About Kvaerner:
With more than 3500 HSE-focused and experienced employees, Kvaerner is a specialised provider of engineering, procurement and construction (EPC) services for offshore platforms and onshore plants. Kværner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor that plans and realises some of the world's most demanding projects as a preferred partner for upstream and downstream oil and gas operators, industrial companies and other engineering and fabrication contractors.
In 2010, the Kvaerner group had aggregated annual revenues of more than NOK 13.3 billion and the company had an order backlog at 30 June 2011 of NOK 13.3 billion. Kvaerner was publicly listed with the ticker "KVAER" at the Oslo Stock Exchange on 8 July 2011. For further information, please visit http://www.kvaerner.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.