Cyprus: SeaBird Exploration Appoints New CFO

Mr. Kai Solberg-Hansen has decided to resign as Chief Financial Officer (CFO) from SeaBird. In agreement with the Board of Directors and the Chief Executive Officer, the resignation takes effect from today.

Mr Erik Hansen has been appointed the new CFO and will replace Mr Solberg-Hansen with immediate effect. He has extensive professional and leadership expertise from over 25 years in strategy, corporate finance and financial initiatives across a variety of industries. His most recent position has been as CFO of Nera Industries AS, and has previously held senior executive positions with Den norske Bank, Bergen Bank and Sparebank1 SR Bank, as well as PricewaterhouseCoopers and Deloitte Consulting.

Mr Solberg-Hansen will continue to assist SeaBird for a period of time to ensure a smooth transition.

Tim Isden, CEO, stated: “We welcome Erik into the SeaBird Group during these challenging times and look forward to working together and finding solutions with him. In addition, we would like to express our most sincere thanks to Kai, who has been with us through a prolonged and turbulent period during which his dedication and contribution is unquestionable. We wish him every success in the future.”

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Source: Seabird, August 17, 2011;