Farstad CFO retires after 28 years of service

  • Business & Finance

Norwegian shipping company Farstad Shipping has appointed Olav Haugland as a new Chief Financial Officer (CFO) after its current one, Torstein L. Stavseng, has decided to retire after 28 years of service.

Olav Haugland‘s appointment is effective from May 1, 2016, while Torstein L. Stavseng will be retiring starting July 1, 2016. Formally, the change of CFO will take place on June 1, 2016.

“Farstad Shipping would like to thank him for his long and dedicated service. We will in the future also make use of Torstein’s expertise and experience,” says CEO of Farstad Shipping, Karl-Johan Bakken.

According to the company, Olav Haugland has experience from both shipping and financial markets. He has previously held the position of CFO at Hansa Property Group and Kistefos.

“Farstad Shipping has a long history, and is one of the leading supply vessel companies in the industry. I look forward to become part of Farstad Shipping and participate in the further development of the company,” says Haugland.

Haugland holds a Master of Science in Economics and Business Administration from the Norwegian School of Economics (NHH) in addition to being educated State Authorized Public Accountant, also from NHH.

Bakken added: “We are now preparing Farstad Shipping for the future, and Haugland will be an important contributor to the further development of the company.”

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