Mr Lieungh will assume his responsibilities as president and CEO in March 2008. From 1988, Mr Lieungh held several positions within Aker Kvaerner and served as executive vice president of field development from 2002 to August 2007. Mr Lieungh has considerable experience with large field development projects, covering all phases from conceptual studies to project execution.

Leif-Arne Langoy, chairman of Aker Kvaerner and chairman and CEO of Aker, said: We are very pleased that Simen has decided to return to Aker Kvaerner and take over the helm of the company. His solid industry background and strong leadership experience will strengthen the development and delivery of our high quality industrial solutions.