The Board of Directors of Sevan Marine ASA announced that Carl Lieungh will step down as CEO effective 01 January 2017. The Board has appointed the current CFO, Reese McNeel, as the new CEO of Sevan Marine. Carl Lieungh and the Board of Directors have entered into an agreement whereby Carl will step down as CEO with effect from 01 January 2017 and will continue as an advisor to the Board of Directors with responsibilities related to various tasks within the group until the end of 2017. The Board of Directors has appointed the current CFO, Reese McNeel, as CEO of Sevan Marine from 01 January 2017. Reese McNeel will in parallel continue to carry out the CFO function in Sevan Marine.