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Golar LNG Partners appoints new CEO

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LNG Industry,

Golar LNG Partners L.P. has announced that it has appointed Karl Fredrik Staubo as its Interim CEO. This follows the company’s announcement on 1 October 2019 that its current CEO, Graham Robjohns, was to step down on 30 April 2020.

Staubo will formally take up the role with immediate effect with Robjohns having left Golar as planned on 30 April 2020.

Staubo has 10 years of experience advising and investing in Shipping, Energy and Infrastructure companies from Magni Partners Ltd. and Clarksons Platou Securities. At Clarksons Platou Securities he worked in the Corporate Finance division, the last 3 years as Head of Shipping. During his time with Magni Partners, Staubo also worked as an advisor to the Golar group and has been extensively involved in the financing of the company, including the proposed amend and extension solution for the US$400 million bond financing.

Golar Partners Chairman Tor Olav Troim commented “On behalf of the Board and staff at Golar we thank Graham for his long and valuable service to the company. Graham has, during his 20 years in the Golar group of companies, held several different roles including CEO of Golar Partners as well as Deputy CEO and CFO of Golar LNG. Graham’s diligent, hard work and deep knowledge has been of vital importance in the transformation of the Golar Group from a pure LNG shipping company to an integrated energy company. I have personally had the pleasure of working closely with Graham for 20 years and observed his massive contribution. On behalf of all the Golar staff I want to express our deepest gratitude for the time we had together and wish him well in his next endeavours. He will be greatly missed on both a personal and professional level by all of his former colleagues and Board members.

“I also very much welcome Karl into Golar Partners. The Board has initiated a strategic review of the company with the target to conclude such strategic discussion within the next year. Golar Partners is well positioned with a revenue backlog of US$2.1 billion as of 31 December 2019, and a fleet of interesting assets to develop LNG infrastructure. Karl has, with his background from Golar and the finance and energy business, a great skillset to lead the company through this transition.”

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