Bermuda: SFL Announces Change in Corporate Management Team

Ship Finance International Limited announced that Eirik Eide, who is currently employed as Chief Financial Officer (“CFO”) for Ship Finance Management AS, has submitted his notice of resignation and will leave the Company during the second quarter of 2012 to join another shipping company.

He will be succeeded by Mr. Harald Gurvin, who is currently employed as Senior Vice President of Ship Finance Management AS. Mr. Gurvin joined Ship Finance in July 2006, and has served as Senior Vice President since 2008.

Prior to joining Ship Finance, Mr. Gurvin spent 7 years with the global shipping group of Fortis Bank, focusing on shipping and offshore finance. He holds a Master of Science degree in Shipping, Trade and Finance from CASS Business School and a Master of Science degree in Marine Engineering and Naval Architecture from the Norwegian University of Science and Technology.

CEO of Ship Finance Management AS, Ole B. Hjertaker said in a comment: “We thank Mr. Eide for his valuable contribution to the Company and wish him the best of luck in his new endeavors. We are very pleased that Mr. Gurvin has accepted the role as the new CFO, which will ensure a smooth and effective transition.”

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Source: SFL, March 13, 2012