September 15, 2010
SEACOR Holdings appoints Oivind Lorentzen as CEO
SEACOR Holdings Inc. (NYSE: CKH) reports that its Board of Directors has appointed Oivind Lorentzen as Chief Executive Officer with Charles Fabrikant to remain executive Chairman of the Board of Directors.
SEACOR's operations include offshore services provider SEACOR Marine, Seabulk Tankers, harbor and offshore towing services subsidiary, Seabulk Towing and inland river barge operator SCF Marine.
Mr. Fabrikant, who will remain active in all aspects of the company's business, said, "I am extremely pleased and excited to have the opportunity to share executive responsibilities with Oivind, whose vast experience and background in shipping and industrial businesses, particularly in South America, will enhance our vision and business opportunities worldwide. Oivind's experience will further enable SEACOR to capitalize on our diverse portfolio of businesses, strong balance sheet and global presence."
Mr. Lorentzen has been the President of Northern Navigation America, Inc., an investment management and ship-owning agency company concentrating in specialized marine transportation and ship finance since 1990. He is Chairman of the Audit Committee of Genessee & Wyoming Inc., an owner and operator of short line and regional freight railroads, and a director of Blue Danube, Inc., an inland marine service provider.
In addition, the Board of Directors appointed Blaine V. Fogg as a director and member of the Compensation Committee. Mr. Fogg is of Counsel at the law firm Skadden, Arps, Slate, Meagher & Flom LLP, practicing corporate and securities law. He previously was a partner at the firm from 1972 until 2004. Mr. Fogg has been a Director of Griffon Corporation since May 2005 and is President of The Legal Aid Society of New York