Offshore shipping company Nordic American Offshore (NAO) has informed that Tor-Øyvind Bjørkli has tendered his resignation as managing director.
NAO said on Monday that Tor-Øyvind Bjørkli would most likely resign from the managing director position in mid-2017.
Bjørkli joined NAO as the CEO in 2014 after the company was listed on the New York Stock Exchange. Before his NAO role, he worked as an offshore broker and in the Florida branch office of DNV-GL.
The company said that Bjørkli would depart the company on excellent terms and that his duties would be covered with no interruption.
According to the company’s recently announced financial results, NAO closed a follow-on offering on March 1 strengthening the capital base with net proceeds of about $47.7 million.
The proceeds could end up in excess of $50 million, provided the over-allotment option is wholly or partly exercised.
Late in March, executive chairman of NAO Herbjorn Hansson and his family invested $2 million in the offering and bought 120,000 NAO shares, adding to the position as one of the largest shareholders of NAO.
Furthermore, NAT (Nordic American Tankers), the company’s largest shareholder invested an additional $10 million.
Offshore Energy Today Staff