Northern Ocean Ltd. (NOL) has appointed Arne Jacobsen as its new Chief Executive Officer, effective August 20, 2024. Jacobsen brings a wealth of experience from his previous role as CEO of Orion, a joint venture between Hayfin Capital and Transocean, where he also served as a senior investment advisor for Hayfin Capital’s oil and gas portfolio.
Jacobsen, in his new role, conveyed his excitement about the company’s potential, highlighting the strength of NOL’s assets—two of the most advanced offshore drilling units in the industry. He stated his eagerness to explore opportunities for further growth while ensuring safe and efficient operations that will drive attractive returns for shareholders.
In addition to his investment expertise, Jacobsen has a rich background in the oil and gas sector, having held senior positions at Songa Offshore and Ocean Rig in Brazil, South Korea, and Norway prior to joining Hayfin Capital.
Gary Casswell, Chairman of NOL’s Board of Directors, expressed his enthusiasm about the new leadership, noting that Jacobsen’s deep industry knowledge, extensive operational and commercial experience, and financial expertise make him an excellent fit to lead NOL’s growth and development.
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