Aker Philadelphia Shipyard Announces Appointment of New CFO

  • June 26, 2015

Aker Philadelphia Shipyard ASA (Oslo:  AKPS) is pleased to announce that Jan Ivar Nielsen (born 1962) will be joining the company as Chief Financial Officer effective September 2015. Since 2009, Mr. Nielsen has held the position of CFO of VARD Holdings, a publicly listed global designer and builder of offshore and specialized vessels with ten facilities across Europe, Asia and South America.

From the period 2002 to 2005, Mr. Nielsen was CFO of the shipyard in Philadelphia. In 2005, Mr. Nielsen was involved in the formation of Aker American Shipping Company, the former parent of both Aker Philadelphia Shipyard and American Shipping Company. He then served as CFO of Aker American Shipping Company until 2007. Mr. Nielsen holds a Master of Science in Business degree from Bodø Graduate School of Business and an Executive MBA degree from Temple University.

Steinar Nerbovik, President and CEO of Aker Philadelphia Shipyard remarked, “It is great to have Jan Ivar back in Philadelphia. His familiarity with the shipyard’s operations and people, as well as his global experiences at VARD, will make him a valuable addition to the team.”

Aker Philadelphia Shipyard is a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market.  It possesses a state-of-the-art shipbuilding facility and has earned a reputation as the preferred provider of oceangoing merchant vessels with a track record of delivering quality ships. Aker Philadelphia Shipyard is listed on the Oslo Stock Exchange and is majority-owned by Converto Capital Fund, which in turn is majority-owned by Aker ASA. Aker is a Norwegian industrial investment company that creates value through active ownership.  Aker's investment portfolio is concentrated on key Norwegian industries that are international in scope: oil and gas, fisheries and biotechnology, and marine assets. Aker's industrial holdings comprise ownership interests in Aker Solutions, Kvaerner, Det norske oljeselskap, Aker BioMarine, Ocean Yield, Havfisk and Akastor.