TransAtlantic appoints president

The Board of TransAtlantic has resolved to appoint Stefan Eliasson as President and CEO of the company.

Stefan Eliasson, who has been employed at the company since 2000, is a graduate in Business Administration and has extensive experience of various positions at the company, most recently as Head of the Offshore/Icebreaking business area.

"It will be exciting to work on the challenges that TransAtlantic currently faces and I look forward to the task of advancing the company and building a distinct and strong brand," Stefan Eliasson said in a statement.

Stefan Eliasson has been acting President of the company since year-end 2009.

For further information, contact Stefan Eliasson, acting President of TransAtlantic, tel +46 (0)304 67 47 00, or Chairman Christen Sveaas, tel +47 23 11 70 00.