Hunter Group ASA – appointment of CEO/CFO and COO

The Board of Hunter Group ASA is pleased to announce that Mr. Erik A.S. Frydendal has accepted the position as CEO/CFO for Hunter Group ASA.  Mr. Frydendal has more than 20 years of capital markets experience, most recently as a Partner in Fearnley Securities, part of the Astrup Fearnley Group.  Before joining Fearnley Securities, Mr. Frydendal held leading positions at Swedbank/First Securities, Fondsfinans ASA and Christiania Markets (Nordea Securities) in Oslo, as well as Paine Webber Inc. (UBS AG) in San Francisco.  Mr. Frydendal holds an MBA from Heriot Watt University and a B.Sc. in Finance from the University of Utah.  Mr Frydendal will take on the position as CEO/CFO May 15th. 2018.

Furthermore, the board is also pleased to announce that Mr. Sujoy K. Seal has accepted the position as COO for Hunter Group ASA.  Mr. Seal has more than 30 years of experience from the maritime industry in the newbuilding, technical and commercial segments. Mr. Seal has been involved in more than 40 newbuildings in Korea, and has held senior positions at Aurora LPG Holding ASA, Atlantic Tankers AS, Aurora Wilhelmsen Management Ltd. Hongkong, Transpetrol TM, Norway and the BW Group.  Mr. Seal will be responsible for the project management and oversee the construction of our vessels, including the recruitment of an in-house site team to follow up the building programme at Daewoo Shipbuilding Marine Engineering Co.  Mr. Seal holds a B.Sc. of Engineering – First class from Marine Engineering College, India, as well as all relevant STCW certificates.  Mr. Seal also holds a certificate of Proficiency as Assessor issued by the Norwegian Maritime Directorate. Mr Seal will take on the position as COO immediately.

Mr. Frydendal currently owns 150 000 shares and Mr. Seal owns nil shares in Hunter Group ASA at the date of this press release

For further information, please contact:
Henrik A. Christensen, Chairman Hunter Group ASA
Cell phone +47 90 96 76 83 or email henrik@rosom.no

This stock exchange announcement is made pursuant to section 5-2 of the Norwegian Securities Trading Act and prepared in accordance with the Continuing Obligations of the Oslo Stock Exchange section 3.4 (extended announcement). www.huntergroup.no


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Hunter Group ASA is a publicly traded investment company listed on the Oslo Axess. Hunter Group currently has 7 high spec VLCC's with scrubbers under construction at DSME in Korea.

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