STX Europe AS has today appointed Mr. Su-Jou Kim as its new President and CEO. Su-Jou Kim will replace Mr Sang-Ho Shin, and will start in his new position with immediate effect.


Sang-Ho Shin joined STX Europe in September 2008, initially as COO, and since May 2009 as President & CEO. Mr Shin has been appointed COO of STX Offshore & Shipbuilding and head of STX's shipbuilding operations in Korea. Mr Shin will remain a Board member of STX Europe AS.

Su-Jou Kim (53) has held various management positions within the STX Business Group - most recently as Head of Business Development and Deputy President of STX Corporation. Mr Kim is well known with STX Europe since he spent significant amounts of time with the company in 2008, including holding the position of Chairman of STX Europe AS from September 2008 to March 2009. 

Mr. In-Sung Lee, Chairman of STX Europe, says:

"I would like to thank Sang-Ho Shin for his major efforts and success in developing and improving the operations of STX Europe during his two years with the company. At the same time, we are very grateful that Su-Jou Kim will join STX Europe as its new President & CEO. Mr Kim has already significant experience and knowledge about STX Europe, having spent much time with the company in 2008, including being Chairman of STX Europe AS. I am therefore confident that STX Europe will continue its positive development under his leadership".


For further information please contact:

STX Europe AS                                                                                 

Hans-Jørgen Wibstad 

Senior Vice President Finance

Mob: +47 91 68 96 61


STX Europe 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 comprises 15 shipyards in Finland, France, Norway, Romania, Brazil and Vietnam. STX Europe has approx. 16 000 employees. Formerly known as Aker Yards, the group changed its name to STX Europe in November 2008.

STX Europe's principal shareholder, the international industrial group STX, has approximately 40 000 employees and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy. 



This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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