Svein Oskar Stoknes has been appointed Chief Financial Officer (CFO) of Aker ASA, effective August 1, 2019. He replaces Frank O. Reite, who will step aside due to a heart related disease that has developed over the course of time. Reite will continue his close relationship to Aker, including board memberships in several Aker related companies. He will remain Chairman of the listed company Ocean Yield ASA.
Stoknes (48) has worked at Aker Solutions ASA since 2007 and was named CFO in September 2014. He graduated from the Norwegian School of Management and has an MBA from Columbia Business School.
“I’ve had the pleasure of working with both Frank and Svein Oskar over many years. They represent two role models with deep industry knowledge, and strong business development and financing skills. I am eager to work with both Frank and Svein Oskar in their new roles,” said Øyvind Eriksen, Aker’s President & CEO and Aker Solutions’ Chairman.
Reite has held various key positions at Aker and Aker owned companies for close to 20 years.
“I am grateful to Frank for his numerous contributions to Aker, and I’m glad that Frank will remain an important member of the Aker team. Incoming CFO, Svein Oskar, will continue Frank’s work with bringing the CFO role closer to our portfolio companies, where value creation takes place, and risks are managed and handled,” said Eriksen. “It’s a great strength to Aker that we have many highly qualified leaders and key employees to take on important roles in our companies.”
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.