Farstad Names New CFO

Norwegian shipowner, Farstad Shipping, has appointed Olav Haugland as the company’s new chief financial officer (CFO) after current CFO, Torstein L. Stavseng, has decided to take an early retirement after 28 years of company service.

“Torstein L. Stavseng has been an important and valuable person to the company for 28 years. Farstad Shipping would like to thank him for his long and dedicated service. We will in the future also make use of Torstein’s expertise and experience,” says CEO of Farstad Shipping, Karl-Johan Bakken.

Haugland (50) has previously held the position as CFO at Hansa Property Group and Kistefos.

He will begin on May 1, 2016, while Stavseng will be retiring as from July 1, 2016. Formally, the change of CFO will take place on 1 June 2016.

“I am very pleased that Olav Haugland has accepted the position as CFO. He has broad experience from similar positions in business and industry. We are now preparing Farstad Shipping for the future, and Haugland will be an important contributor to the further development of the company,” says Bakken.

 

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