SOURCE: Dockwise Ltd

June 04, 2009 02:09 ET

Dockwise appoints Peter Wit as Chief Financial Officer

BREDA, NORWAY--(Marketwire - June 4, 2009) -

Dockwise appoints Peter Wit as Chief Financial Officer

Company hires experienced financial executive to join management team

Bermuda, June 4, 2009. Dockwise Ltd. announces that its subsidiary Dockwise Shipping has appointed Mr. Peter Wit as its Chief Financial Officer, effective September 1 2009.

Peter Wit (1967), who has a master degree in business administration from Groningen University, and a (post doctorate) degree in controlling from VU Amsterdam, will lead the company's global finance, legal and information technology departments. Mr. Wit has always been employed by Shell and is currently Chief Operations Officer and Finance manager of Shell Asset Management Company, Shell's USD 40 bln in-house pension asset management firm. Previously he worked for Shell a.o. as VP finance of Shell's Solar business, in corporate finance and as head of finance of Shell's Albanian oil exploration venture.

"The appointment of Peter Wit is an important step in the further development of Dockwise", CEO André Goedée states. "His combined background in finance, asset management and the Oil and Gas industry from the client's perspective brings added value at an important moment in time. I am looking forward to work with Peter in close harmony and to undertake essential financial initiatives to realize the company's full potential in the months and years to come. At the same time I wish to thank Claudia Mennen who acted as CFO in the interim period. The very important support of Claudia has helped the Company and myself in a very uncertain time amidst economic turmoil and difficult financial circumstances. Claudia will resume her duties as VP Finance at Dockwise, assisting Peter Wit in future developments."

"Dockwise has a strong heritage and great ambitions and I am very excited to be onboard" says Peter Wit. "I look forward to contribute to the future success of Dockwise by supporting its financial health and the company's reputation in the financial markets"

About Dockwise:

Dockwise Ltd. has a workforce of more than 1200 people both offshore and onshore. The company is the leading marine contractor providing total transport services to the offshore, onshore and yachting industries as well as installation services of extremely heavy offshore platforms. The group is headquartered in Bermuda. The group's main commercial and operational offices are located in The Netherlands, the United States, China, Korea, Brazil Australia and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale, with commercial offices in France and Italy.

The Dockwise Shipping network is supported by agents in Japan, Spain, Argentina and Italy. To support all of its services to customers, the group operates three engineering centers in Houston, Breda, and Shenzhen and provides design and fabrication of specific float-over equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units). The Dockwise Group owns a fleet of 20 purpose built semi-submersible vessels.

Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK.

For further information:

Fons van Lith
+31 6 51314 952

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