Havyard Group and Long Time CEO Part Ways

BY Tiya Chatterji December 3, 2019

Geir Johan Bakke has departed from his post as chief executive of Norwegian shipbuilder and designer Havyard Group, after being associated to the company for 18 years. Gunnar Larsen has been selected by the board as interim chief executive and will immediately begin recruiting a permanent chief executive.

Bakke joined Havyard in 2001 and has served as its CEO since 2014. During the tenure served, Bakke has overseen the growth of the company from a standalone shipyard to a fully integrated shipbuilding group with design, shipyards and equipment production, and nearly 600 permanent employees, along with an volume of over NOK 4300 million.

“Geir Johan has been incredibly important to the development Havyard Group has been through,” said Vegard Sævik, Chairman of the Havyard Group in a press statement. “He has shown an impressive commitment to developing the Group, which is of great importance to the communities in which Havyard operates.”

Mr. Bakke said, “It has been an amazing journey that I am both grateful and proud to have been a part of. I wish the company good luck for the future.” The retiring chief executive has stated his willingness to be available to the company if needed. The parties have agreed not to comment further on the matter.