Songa Offshore SE : Change in Management

Songa Offshore SE ("Songa" or the "company") has today accepted the resignation of the company's CEO, Asbjørn Vavik.  Effective immediately, Jens A Wilhelmsen, Chairman of the Board of Directors, will assume the additional role as interim CEO.  Mr Vavik will remain at the company's disposal to conclude on-going projects.

The company is thankful to Mr Vavik for his contribution in positioning Songa as a leading rig operator on the Norwegian continental shelf, and in securing significant long-term contracts with Statoil. We have, however, now come to a crossroads where it is right to part company, says Jens A Wilhelmsen.

The Board has started the search for a new CEO and shall  also use the next few weeks to undertake a thorough assessment of key strategic and operational issues. Consequently, the Board has decided to make the announcement of the company's Q3 results on November 26, 2012. 

Limassol, 24 October 2012
Board of Directors
Songa Offshore SE

For further information, please contact
Jens A Wilhelmsen, Chairman of the Board of Directors [phone]

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Songa Offshore SE via Thomson Reuters ONE

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