Cyprus: SeaBird Exploration Names New CFO

March 16, 2012

The Cyprus-based seismic specialist, SeaBird Exploration PLC, has appointed Nils Haugestad as Chief Financial Officer of the company effective April 1 2012.

Mr. Haugestad has over 20 years experience in investment banking, principal investments and corporate strategy. He is joining the company from Fokus Capital Ltd. where he is a founding partner and Chief Executive Officer.

Prior to this, Mr. Haugestad was Chief Operating Officer of Evolvence Capital Ltd. Mr. Haugestad has previously held a number of positions in New York with Citigroup, Citicorp Venture Capital, Credit Suisse, RBC Capital Markets and UBS. Mr. Haugestad holds a Bachelor of Science degree from the Wharton School, University of Pennsylvania and a Master of Business Administration degree from Harvard Business School.

Speaking on behalf of the Board of Directors, Henrik Christensen commented: “SeaBird is pleased to announce the appointment of Nils Haugestad as the company’s new Chief Financial Officer. Nils brings extensive experience from the financial services industry and his expertise will be a great asset in helping us realize our growth strategy.”

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Offshore Energy Today Staff, March 16, 2012