SOURCE: Golden Ocean Group

May 05, 2010 01:46 ET

GOGL - New CFO appointed in Golden Ocean

HAMILTON, BERMUDA--(Marketwire - May 5, 2010) -

Birgitte Ringstad Vartdal (33) has been appointed Chief Financial Officer of Golden Ocean Management AS. She currently serves as Vice President, Investments of The Torvald Klaveness Group, which have significant operation within the drybulk segment. She has had several positions within TKG, as VP Head of Commercial Controlling, Risk Manager and Financial Analyst. Before this she held a position in Hydro Energy as Structuring Analyst.

Birgitte Ringstad Vartdal holds the degree of Siv.Ing. (MSc) in Physics and Mathematics from the Norwegian University of Science and Technology (NTNU) and an MSc in Financial Mathematics from Heriot-Watt University, Scotland.

Herman Billung, Chief Executive Officer in Golden Ocean Management AS says: "We are very pleased to have Birgitte Vartdal joining our team. She has great analytic skills and a very relevant background for her new job. We anticipate that she will make a solid contribution to a further positive development of Golden Ocean"

Vartdal will formally take over the position as Golden Oceans CFO no later than 1 August 2010.

Hamilton, Bermuda
May 5, 2010

Contact Person:
Herman Billung: CEO, Golden Ocean Management AS
+47 22 01 73 40

This information is subject of the disclosure requirements acc. to §5- 12 vphl (Norwegian Securities Trading Act)


Contact Information