Grenland Group appoints new CFO

Grenland Group has appointed Live Haukvik Aker CFO. Aker will succeed Magnar Brekka, who will be executive vice president for the company's fabrication division. Brekka will continue to serve as Grenland Group's CFO until Aker takes up the position on April 2, 2007.

March 12, 2007

Offshore staff

PORSGRUNN, Norway -- Grenland Group has appointed Live Haukvik Aker CFO. Aker will succeed Magnar Brekka, who will be executive vice president for the company's fabrication division. Brekka will continue to serve as Grenland Group's CFO until Aker takes up the position on April 2, 2007.

Aker joins Grenland Group from her position as CFO of Tandberg Data. Her job experience includes CEO of Goodtech ASA, experience as CFO in several Norwegian companies, and positions in KPMG, both in Norway and Prague. Aker holds a master's degree in economics from Université de Fribourg, Switzerland, and a Master of Management degree from Norwegian School of Business Administration.

Aker has been a board member in Grenland Group since May 2006. She will resign from the board of directors when she becomes the company's CFO.

3/12/2007