Leadership change at Oceanteam ASA : Meindert van Genderen appointed as interim CEO

Oceanteam ASA ("OTS", or "Company") announces today that the Board of Directors has appointed Meindert van Genderen as Interim CEO of the Company
The appointment of Mr. Van Genderen follows the resignation of present CEO Haico Halbesma per March 30th 2018. The interim CEO Van Genderen will report directly to the Board of Directors.

Mr. Meindert van Genderen (54) is a Dutch citizen with a background in executive management of specialized shipping companies and as strategic advisor in the maritime and offshore sector.

Board member Diederik Legger says: "We welcome Meindert van Genderen onboard Oceanteam, who’s first assignments will include the preparation of the Bondholders Meeting and associated Extraordinary General Meetings: necessary steps in the extensive debt-for-equity swap process. Going forward, other aspects requiring his immediate attention are the appointment of a new auditor, streamlining of the corporate structure and the issue of new equity”.

"Under new leadership, the Company can sail into calmer waters and re-focus on its core businesses and stakeholder values” comments Diederik Legger.

Before joining Oceanteam, Meindert van Genderen MScEng MBA held several executive director positions with leading Dutch shipping companies, among others at NileDutch (liner shipping, 1995-2008)), at Rolldock (specialized heavylift, co-founded in 2005) and at MPI Offshore Ltd (offshore wind installation, 2010). He is an expert in innovation and market development on offshore wind and offshore oil & gas. He holds a degree in Naval Architecture from Delft University of Technology, and a MBA from Rotterdam School of Management, Erasmus University.