Esvagt Names New Chairman

Danish vessel supplier Esvagt has appointed Jakob Thomasen as Chairman with effect from 1 May, 2018.

According to Esvagt, with the offshore wind market on a path of rapid growth and the company’s oil & gas activities recovering fast, Thomasen’s role will be to help the company take the next steps in its development.

Besides the new appointment, Thomasen is currently Chairman of the DHI Group and a non-executive director on the Boards of Lundin Petroleum AB and the University of Copenhagen. He is also Chairman of the Advisory Board of the Hempel CoaST research center at the Technical University of Denmark (DTU).

“I am delighted to take this role and am excited by ESVAGT’s growth prospects. The offshore energy market is on an exciting path – offshore wind is growing fast and the oil & gas business is picking up pace after some years of lower activity. I know ESVAGT and its markets well from my past in the offshore business and ESVAGT’s services fit perfectly in my portfolio of safety related activities,” Thomasen said.

Thomasen previously worked at A.P. Møller – Maersk, where he was most recently Chief Executive Officer of Maersk Oil and a Member of the Maersk Executive Board.

At the beginning of the year, 3i Infrastructure completed an EUR 376 million refinancing of Esvagt, which is expected to enable the company to continue its offshore wind services expansion.

In conjunction with the refinancing, 3i Infrastructure and its Esvagt co-shareholder, AMP Capital, each invested DKK 175 million further equity (approximately GBP 21 million) into the business.