Umoe Schat-Harding is to appoint a new CEO to replace Ove Roessland, who has announced his resignation to the board on Tuesday 9^th February, 2010.

Until the new appointment is made, Jarle Roth, chairman of the board, will stand in as CEO. The change will not affect day to day operation of Schat-Harding.

Ove Roessland has worked for the Umoe Group for twenty years, and during that time has worked in many positions at Schat-Harding. For the last eight years he has been CEO, and during that time he has led the company to become a major international force in improving safety at sea. Under his leadership Schat-Harding has doubled in size and dramatically grown its global service network and international manufacturing base.

Roessland says, “It has been a stimulating and challenging task to lead Schat-Harding, growing the company and its range of products and services to meet the needs of a demanding marketplace. Now the company faces changing markets and I feel it is time for a new manager to take the company forward. It is also time for me to seek out different challenges. I want to thank the board for all their support, and thank all our staff for the commitment they have shown to Schat-Harding and safety at sea while I have been CEO.”

Jarle Roth, chairman of the board, says, “Ove has given a lot to our group, and we thank him for building Schat-Harding into the force it is today. His decision to step aside to allow us to put in place a new CEO who can take the company forward in the changed marketplace we now face is typical of his courage and good timing. The board and I wish him well.”

For any questions, please feel free to contact;

Jarle Roth, CEO and chairman of Umoe Schat-Harding board

Email: jarle.roth@umoe.no