Kongsberg elects new CEO

  • Business & Finance

Kongsberg, an international group delivering technology systems and solutions to clients within the oil and gas industry, has elected its new Chief Executive Officer. 

The company appointed Geir Håøy as a new CEO after its current CEO Walter Qvam announced his intent to resign effective June 2016.

“CEO Walter Qvam has informed the Board of Directors that he wishes to resign in June, according to the agreement he has for resignation at the age of 63. The Board has conducted a thorough process to find a new CEO and has chosen Geir Håøy, currently President of Kongsberg Maritime (KM),” says Chairman of the Board, Finn Jebsen.

“Kongsberg is in a time with demanding challenges and several opportunities. Geir Håøy excels with long international and industrial experience and has for five years led KM, Kongsberg’s largest business area. It is very pleasing that the best candidate came from Kongsberg. We put great emphasis on internal recruitment and are very pleased that this now also succeeded at the top level,” says Jebsen.

Geir Håøy was employed by Kongsberg in 1993. He has been a part of the corporate management team since 2010.

“Kongsberg has a solid market position and technology platform. We have over 7 700 competent employees and a strong corporate culture. We will continue to develop the company to the benefit of our owners, customers and employees. Kongsberg’s strategy is future oriented and will remain firm. It is a great responsibility I am taking on and I go to the task with enthusiasm and great respect,” says Geir Håøy.

“Walter Qvam has been CEO since 2008. The Board would like to use the opportunity to thank Qvam for his efforts. He has done a great job and leaves the company in a very good position,” says Jebsen.

“We have conducted a comprehensive search and evaluated several candidates, men and women from both Kongsberg and from outside the company. The candidate we searched for had to have broad leadership experience and knowledge of several of Kongsberg’s markets. That is crucial to succeed in this job,” says Jebsen.

Geir Håøy will take on his new position as CEO in June 2016.

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