Oceanteam said it has appointed Wilhelm Bøhn as the company’s interim chief financial officer.
Bøhn (48) will head the company’s financial department and in particular lead the current financial restructuring process.
Bøhn, who holds an MBA from Columbia University and a BA from the Johns Hopkins University, has been involved in a number of restructurings.
“I am excited to assume my new role and resulting responsibilities”, says Bøhn. “Oceanteam records solid performances in its shipping and solutions divisions. But its growth is restricted by a cost of capital that is too high and its lack of financial flexibility to cope with and adapt to today’s market circumstances. I very much look forward to working closely with CEO Haico Halbesma and the board of directors and with our banks, bondholders and others parties to create a solid financial foundation for the company together to take advantage of the opportunities ahead of us.”
Oceanteam informed it will present its Q3 accounts on November 10, 2016.