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    Golar LNG picks new CEO

Summary

The appointment of Karl Fredrik Staubo follows the abrupt departure of Iain Ross last month.

by: Joseph Murphy

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Complimentary, Natural Gas & LNG News, World, Liquefied Natural Gas (LNG), Corporate, Appointments, News By Country

Golar LNG picks new CEO

Bermuda-headquartered LNG vessel operator Golar LNG said on May 13 its board had appointed Karl Fredrik Staubo as its CEO, following the abrupt departure of his predecessor Iain Ross in April.

Staubo has been CEO since May last year of Golar LNG Partners, a subsidiary that was sold to US-based New Fortress Energy in April. He has also worked as CFO of the parent company. Golar LNG's board has picked Eduardo Maranhao to replace Staubo as CFO.

"We are convinced that the company has a strong management team ready to stream-line Golar’s existing operations and also explore the opportunities we see in the LNG market today," Golar chairman Tor Olav Troim said in a statement. "Through the company’s strong strategic positions through the LNG value chain, including upstream, midstream, and downstream, Golar is well positioned to take an active part in the ongoing energy transition with the target to deliver cheaper and cleaner energy."

Shares in Golar LNG fell 8% on April 12 to $9.70 apiece after the company announced Ross was stepping down. Its share price closed at $11.02 on May 13, barely changed from a day earlier.