The Board of Kvaerner has engaged an executive search company to
assist in finding the right successor to further develop Kvaerner.
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From 2011 to 2015, Mr Løken was engineering manager
for Lundin Norway's Edvard Grieg field development, where Kvaerner was the main contractor.
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Three years llater he joined Kvaerner Metals as their lead process design engineer, responsible
for all metallurgical design aspects of the non-ferrous division.
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Kvaerner's biggest strength is its 2 700 employees, a fantastic
group of people, a solid corporate culture and two well-run facilities at Stord and in Verdal".
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Kvaerner has entered into an agreement with Allseas for the recycling of the topside
and bridge of the 36-year-old Valhall QP platform when Allseas removes this installation for operator Aker BP in 2019.