New CFO at Aker Kvaerner


07 January 2008 - Leif Borge (44) has been appointed chief financial officer at Aker Kvaerner. Borge has served as CFO in various companies since 1994.

We are very pleased that Borge has decided to make Aker Kvaerner the next step of his career. Borge has a strong track record in his previous CFO positions. He brings a leading understanding of the key drivers of success for global industrial players like Aker Kvaerner, says Martinus Brandal, President and CEO of Aker Kvaerner.

Borge will be member of Aker Kvaerner's Executive Management Team. As CFO, Borge will lead parts of corporate staff, including Enterprise risk management, Tax, Controller, Legal, Investor Relations and Corporate Communication. Borge will also be chairman of the board of Aker Kvaerner Business Partner and Aker Kvaerner Advantage. Borge, a Norwegian citizen, holds an MBA from Pacific Lutheran University, Washington state, USA.

This is a great opportunity. I find Aker Kvaerner second to none when considering new challenges. Being a leading global provider of engineering and construction services, technology products and integrated solutions across a number of industries, Aker Kvaerner provides a unique opportunity, says Leif Borge.

Borge, born 1963, has been CFO of Aker Yards ASA since 2002. Previously he has served as CFO of the following companies: Zenitel NV, Stento ASA and Vitana, a subsidiary of Rieber & Søn ASA in the Czech Republic.

Borge succeeds Bjorn Erik Ness. DnB NOR, the leading Norwegian financial institution, today announced that Ness has been appointed CFO.

We are grateful to Bjorn Erik Ness for his strong commitment and contribution to Aker Kvaerner's success over the last three years, a period in which we have delivered sustainable profitable growth, and we wish him all the best in his new position as CFO of DnB Nor, says Brandal.

Bjorn Erik Ness will leave Aker Kvaerner after the completion of the financial statements for 2007.

For further information, please contact:
Media:
Jannik Lindbæk jr,
SVP Corporate Communication,
Aker Kværner.
Tel: +47 67 51 30 36,
Mob: +47 977 55 622

Investor relations:
Lasse Torkildsen,
SVP Investor Relations,
Aker Kvaerner.
Tel: +47 67 51 30 39

Career opportunities:
Visit http://akerkvaerner.com/Internet/CareerCentre

AKER KVAERNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals and Power Generation. The Aker Kvaerner group is organised in a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.

The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 50 billion and employs approximately 24 000 people in about 30 countries.

Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. Through its majority owned holding company Aker Holding AS, Aker controls 40.27 percent of the shares in Aker Kvaerner, and takes an active role in the development of Aker Kvaerner.

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