Former Ulstein Group boss Gunvor Ulstein has returned as chief executive three years after stepping aside.
The move has been prompted by the resignation of Cathrine Kristiseter Marti, who took over at the Norwegian shipbuilder in October 2020.
Marti has decided to take on a new opportunity outside the group, the company said.
Gunvor Ulstein was CEO for nearly 22 years previously and represents the third generation of the family-owned operation.
When she resigned in 2020 the idea was that she would focus on wider strategy as a board member.
It is not clear whether the returning CEO aims to continue in the role long-term, or whether a new boss will be sought.
The group declined to comment.
Marti was promoted from the chief financial officer role.
She had held the position for six years.
“We wish to thank Cathrine for her commitment to Ulstein Group for nine years, first as CFO, and as CEO since 2020, and wish her all the best in the future,” said chairman Tore Ulstein, Gunvor’s brother.
‘Major force’ in shipbuilding
Ulstein has an orderbook of five ships: four construction service operation vessels and a cable-layer.
The yard group said this “confirms its position as a major force in the maritime industry”.
Ulstein is firmly positioned to continue, advancing the industry for years to come, the group added.
Gunvor Ulstein is the granddaughter of founder Martin Ulstein.
The main asset is the Ulstein Verft shipyard.
Marti had previously worked at Hoegh Autoliners and DnB Shipping & Offshore.
