01 July 2009 - Karl Erik Kjelstad has been appointed executive vice president and member of the executive management team in Aker Solutions. Kjelstad will lead the development of the strategic initiative related to oilfield services and the company's fleet of marine vessels.

"I am very pleased about Karl Erik Kjelstad joining our team. Our ambition is to become the number one player within light well intervention through our acquisition of Aker Oilfield Services. Kjelstad has a unique experience and very strong competence that I believe will be vital to our success in this area of our operations," says Simen Lieungh, President and CEO of Aker Solutions.

Kjelstad will report directly to the CEO, and will work directly with Aker Oilfield Services and our marine partner DOF to realise the potential of recent investments.

Kjelstad (born 1966) comes from the position of Senior Partner & President, Maritime Technologies of Aker ASA. He has been with the Aker group since 1998. Kjelstad was President & CEO of Aker Yards ASA from January 2003-June 2007. Prior to joining Aker, he held the position as senior consultant at PA Consulting Group. From 1992 to 1996 he held various management positions in the TTS Group. Kjelstad is Chairman of Aker Philadelphia Shipyard ASA, Aker Oilfield Services Ltd, and Aker DOF Deepwater. Kjelstad holds a Master of Science (M.Sc) degree in Marine Engineering from the Norwegian University of Science and Technology (NTNU).

Kjelstad will begin his position in Aker Solutions by the end of the third quarter this year.

For further information, please contact:

Jannik Lindbæk, SVP Corporate Communications, Aker Solutions. Tel: +47 67 51 30 36, Mob: +47 977 55 622

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact the relevant BA Global Sourcing Champion.

Career opportunities:
Visit http://www.akersolutions.com/careers

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities. 

Aker Solutions' parent company is Aker Solutions ASA.  Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 23 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.  

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.