Ulstein makes changes in group management roles

L to R: Gunvor Ulstein, Cathrine Marti and Tore Ulstein

After almost 22 years as CEO of Norway’s family-owned Ulstein Group, Gunvor Ulstein has decided to step down from her operational role on November 2 and, with her brother, Tore Ulstein, concentrate on longer term possibilities for the group. She will be succeeded in the CEO role by CFO, Cathrine K. Marti.

“Stepping down as CEO does not reduce my dedication to Ulstein Group,” says Gunvor Ulstein. Through my positions as Chair of the Board of Ulsmo (Ulstein Group’s majority owner) and board member of several Ulstein companies, I will continue my engagement to ensure a viable future for the group,” says Gunvor Ulstein. She notes that Ulstein is a family owned company and says that, as Chair of Ulsmo, she will be able, together with the Chair of the Board of Ulstein Group, Tore Ulstein, to “concentrate on the more long-term and strategic opportunities for the group and the maritime industry.”

“We have always adapted the group to the market, and we will continue to do so through continuous change and development,” she says. “After having completed the transition from oil and gas and into new segments, COVID-19 put us to the test. COVID-19 has impacted most businesses regardless of industry, we have adapted to a new everyday life and constantly changing regulations, and we must expect to continue with this until a vaccine is in place.”

“Gunvor is known as a skilled and vigorous CEO, and as Chair of the Board I would like to thank her for her great commitment through many years, in Ulstein Group and also outside the company. I look forward to our further collaboration on the development of Ulstein Group”, comments Tore Ulstein, who stepped down from his operational positions in Ulstein on September 1 to concentrate on the long-term strategic possibilities for the group together with Gunvor Ulstein. _ NEW CEO

Cathrine Kristiseter Marti has been CFO for the past six years. She holds a Master’s degree in Economics from the Université Toulouse 1 Capitole/McGill University. She has worked in the maritime industry throughout her whole career and has previously worked at Höegh Autoliners and DnB Shipping & Offshore.

“Cathrine Marti will be working together with a very skilled and competent administration, and she has the expertise and the qualities needed to succeed in heading Ulstein Group into the future,” says Tore Ulstein.