Tor Olav Trøim to focus on LNG development

The Norwegian businessman and engineer Tor Olav Trøim is set to leave his full time position at the Seatankers Group, a frontline company of the Greenwich Group, at the end of July in order to provide independent investment and advisory services to the company. The move, it is said, will enable Mr Trøim to assist with the continued development and growth of Seadrill and Golar, including their listed subsidiaries and affiliated companies, and, in particular, reflects a shift towards a broader focus on the development of LNG.

Mr. Trøim will continue as Vice Chairman in Golar LNG Ltd – which he hopes to develop into a leading integrated LNG provider – and Seadrill Ltd. He will also continue as Chairman of the board in Golar LNG Partners LP and Seadrill Partners LLC. In addition Mr. Trøim will remain an ordinary Board member in SapuraKencana Petroleum Berhad and Archer Limited. He is also expected to join the board of directors of North Atlantic Drilling Ltd.

"It has been a pleasure to work with great colleagues and some of the best management teams in the world to develop industry leading companies within the shipping, offshore and salmon industry," Mr. Trøim said.

Shares

Mr. Trøim gained 3 million shares in Golar LNG and two million shares in Seadrill from World Shipholding and Hemen Holding. These are valued at US$ 186 million and US$ 72 million, respectively.

Adapted from press release by Ted Monroe

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/29072014/tor-olav-tr%C3%B8im-set-to-focus-on-lng-development-1085/