Flex LNG CEO Øystein Kalleklev resigns

The chief executive officer of Flex LNG, Øystein Kalleklev, has resigned from his position to pursue other opportunities.

Flex LNG said that its board of directors accepted Kalleklev’s resignation from the CEO role after a stint of seven and a half years.

Kalleklev joined Flex LNG in October 2017 and was appointed CEO in August 2018. He previously served as the CFO of Knutsen NYK Offshore Tankers since 2013 and chairman of the general partner of the MLP KNOT Offshore Partners from 2015 to 2017.

He was also the CFO of industrial investment company Umoe Group, managing director of Umoe Invest, partner of investment bank Clarksons Platou and business consultant at Accenture.

“During the last seven and a half years, we have built from scratch a first-class LNG shipping company which is uniquely positioned with a substantial contract backlog and a fortress balance sheet. However, after a long stint as CEO, I do feel it’s about time for me to move on and pursue other opportunities,” said Øystein Kalleklev, outgoing CEO of Flex LNG.

The John Fredriksen-backed company appointed its chief commercial officer Marius Foss as the interim CEO. Kalleklev will remain in an advisory capacity until the end of the third quarter to ensure a smooth transition period.

“I am very glad that the Board has decided to appoint Marius Foss as interim CEO. Marius has been instrumental in the development and implementation of Flex LNG’s commercial strategy since he joined the Company in 2018, so with him at the helm, Flex LNG is in very safe and capable hands,” he added.