FLEX LNG Ltd.

11/01/2018 | Press release | Distributed by Public on 11/01/2018 01:12

Flex LNG: Announcement of new Chief Financial Officer

Flex LNG: Announcement of new Chief Financial Officer

01.11.2018 08:00

November 1, 2018 - Hamilton, Bermuda Flex LNG LTD. (Oslo Børs: FLNG) (together with its subsidiaries, the "Company" or "Flex LNG"), an emerging leader in LNG shipping, today announces the appointment of Mr. Harald Gurvin as Chief Financial Officer of Flex LNG Management AS, the main management company of the Flex LNG Group. Mr. Gurvin is expected to join Flex LNG in January 2019. Mr. Gurvin brings extensive shipping, finance and capital market experience to Flex LNG. He has served as Chief Financial Officer of NYSE listed Ship Finance International Limited ("Ship Finance") since March 2012. From 2008 until 2012, Mr. Gurvin served as Senior Vice President at Ship Finance. Prior to joining Ship Finance in 2006, he spent seven years with the global shipping group of Fortis Bank in Oslo, focusing on shipping and offshore finance. Mr. Gurvin 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 ("NTNU"). Harald Gurvin, comments: "I am very much looking forward to joining the Flex LNG team at an exciting time for both the Company and the LNG shipping industry in general. With a fleet consisting of thirteen next generation vessels, Flex LNG is uniquely positioned to capitalize on a market with strong underlying fundamentals due to the ongoing shift from coal to natural gas as well as the substantial reduction in freight costs offered by the new modern LNG carriers." Øystein M. Kalleklev, CEO, comments: "Flex LNG is very pleased to announce this CFO recruitment. Harald is probably one of the CFOs with the best performance and reputation in the shipping industry with a proven track record in this industry for close to twenty years. Harald brings valuable expertise and experience to Flex LNG at a period of time where we are scaling up activity with nine modern LNG carriers currently under construction in addition to the four vessels already on the water." Questions should be directed to: Øystein M. Kalleklev, Chief Executive Officer. Tel. +47 23 11 40 58 This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act or the continuing obligations of Oslo