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Financial expert becomes new CEO at Fred. Olsen Windcarrier

The offshore shipping company Fred. Olsen Windcarrier has a new CEO: Haakon Magne Ore replaces Alexandra Koefoed.

At Fred. Olsen Windcarrier (FOWIC), Ore will take up the position of Chief Executive Officer on March 1 after a transition period, the Scandinavian shipping company has now announced.

“With almost 20 years of experience in the capital markets and working with various companies, Haakon Magne brings a strategic mindset, a good understanding of the wind industry, a commercial focus and a proven track record in business development,” reads a statement from the company, which had canceled a planned IPO in 2022.

The development of the Fred. Olsen Group is also being closely monitored in the German shipping market. FOWIC is a subsidiary of Fred. Olsen Ocean (FOO) from the Fred. Olsen Group, which belongs to Bonheur Holding. FOO also holds 50% of the shares in United Wind Logistics (UWL) from Hamburg, which in turn is a sister company of the MPP carrier United Heavy Lift (UHL).

Haakon Magne Ore is moving within the group from Fred. Olsen & Co. where he is currently Director/Vice President Finance, a position he has held since 2019. In this role, he has worked closely with Fred. Olsen related companies across the renewable energy value chain “and contributed to their business strategies, new investments, financings and partnerships”. Previous experience includes DNB Markets Investment Banking, Fearnley Funds and Orkla.

Koefoed was CEO at Fred for six years. Olsen Windcarrier

Chairman Anette Olsen said: “His extensive experience and achievements at Fred. Olsen & Co, his understanding of the renewable energy industry and his collaboration with the management team at Fred. Olsen Windcarrier’s management team make him the ideal man for this role and the further development and growth of the company.”

The new CEO emphasized that Fred. Olsen Windcarrier is a “strong and well-managed” service provider for the installation of offshore wind turbines with a global presence and a leading position in an attractive growth market.

Olsen also thanked former CEO Koefoed for her 13 years with the Group and six years as CEO of Fred. Olsen Windcarrier. “During this time, she has significantly advanced the company by driving geographic expansion, company assets, partnerships and financial performance, while building strong relationships with key customers,” the statement said.

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Copyright: Fred. Olsen Windcarrier

Caption: Haakon Magne Ore (© Fred. Olsen Windcarrier)