New President & CEO at Kvaerner Masa-Yards

The Board of Kvaerner Masa-Yards has appointed Yrjo Julin (46) as new CEO of the Finnish shipbuilding company.

He was scheduled to start in his new position on February 16,2004. Julin has more than 20 years experience within the metals and shipbuilding industries.

Since May 2002 he has headed Aker Finnyards, a highly specialized shipyard in the RoPax and Cruise Ferry market located on the western coast of Finland.

Under his management, Aker Finnyards has had a very positive development and good profitability.

"KMY is a market leader in design and construction of innovative cruise ships and other sophisticated vessels. I look forward to working with the Masa- Yards team," Julin said.

"The shipyard must safeguard its leading technology position. We need to continue the ongoing cost improvement programs. In the short term, the top priority will be to secure new orders for KMY, especially for the Helsinki yard," he added.

With Julin at the helm of KMY, the close co-operation between KMY and Aker Finnyards will be further strengthened.

Since early 2002. the two companies have been working closely together under the joint management of Aker Kvaerner Yards, harvesting considerable synergies.

Maritime Reporter Magazine, page 28, Mar 2004

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