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DATE: Ole Heggheim, Chief Financial Officer and executive vice president of STX Europe, has decided to resign from his position. Byung-Ryun Woo has been appointed as new CFO, and Hans-Jørgen Wibstad has been appointed as senior vice president for Performance, Budget and Control.

"Ole Heggheim has since 2004 been part of the company's top management and has had various executive positions and responsibilities. He has been instrumental in developing the organisation, which has grown to be Europe's largest shipbuilding group. When he has now decided to leave, we are pleased to have Byung-Ryun Woo and Hans-Jørgen Wibstad joining our management in these key positions", says Torstein Dale Sjøtveit, president and CEO of STX Europe.
Byung-Ryun Woo comes from the position as CFO with STX Panocean in South Korea, which is one of the world's largest ship operating companies.
Hans Jørgen Wibstad comes from the position as managing director for DFDS Lys Line AS.  He has held several CFO and management positions within shipping, offshore and banking..
"Woo's and Wibstad's experience from international shipbuilding in combination with their expertise within finance and management will allow us to further optimize our operations. They will have key roles in our strategy to strengthen the company's financial performance and develop even better solutions to the market", says Sjøtveit. 
For further information, please contact:
Torbjørn S. Andersen, senior vice president, Corporate Communications & IR
Tel.: +47 9288 5542
STX Europe ASA (former Aker Yards ASA) is an international shipbuilding group which aims to be the leading builder of cruise and offshore vessels. The group has a strong position in terms of developing state-of-the-art concepts, technology, processes and products for customers around the world. STX Europe ASA comprises 15 shipyards in Finland, France, Norway, Romania, Brazil and Vietnam, and is also a part owner of three yards in Germany and Ukraine. STX Europe has approx. 16 000 employees. Formerly known as Aker Yards ASA, the group changed its name to STX Europe in November 2008.
STX Europe's principal shareholder, the international industrial group STX, has approximately. 39 000 employees and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy. 

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