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Carl Liehung appointed new CEO of NCA

Liehung comes from a position as Senior Vice President for Business Development Oil, Gas and Marine Solutions Division in Siemens AG.

Stavanger, January 2nd, 2007: Carl Lieungh has been appointed new CEO of Norse Cutting & Abandonment AS (NCA). He comes from a position as Senior Vice President for Business Development Oil, Gas and Marine Solutions Division in Siemens AG.

Carl Lieungh’s experience background covers project management, marketing and business development and he has held key positions in these areas in AkerKvaerner, Hitec and Siemens. He has also been managing Director of Hitec Framnes AS and been President for Kvaerner Process Systems Group with eight different units in three different continents.

Mr. Lieungh holds a Master of Science from Norwegian Institute of Technology and a Master of Management from Norwegian School of Management.

Chairman of the Board Svein S. Jacobsen comments: “To attract a person like Carl Lieungh with such experience and network is very important for NCA in relation to the high ambition for further growth and development. At the same time it is as recognition of NCA as an interesting and attractive company Mr. Lieungh has accepted the challenge.”