Change In SFI Management Team

March 13, 2012

Bermuda’s Ship Finance International Limited yesterday [Mar.12] announced that Eirik Eide, who is currently employed as Chief Financial Officer for Ship Finance Management AS, has submitted his notice of resignation and will leave the company during the second quarter of 2012 to join another shipping company.

He will be succeeded by Harald Gurvin, who is currently employed as Senior Vice President of Ship Finance Management AS. Mr. Gurvin joined Ship Finance in July 2006, and has served as Senior Vice President since 2008.

Prior to joining Ship Finance, Mr. Gurvin spent seven years with the global shipping group of Fortis Bank, focusing on shipping and offshore finance. He holds a Master of Science degree in Shipping, Trade and Finance from CASS Business School and a Master of Science degree in Marine Engineering and Naval Architecture from the Norwegian University of Science and Technology.

CEO of Ship Finance Management AS, Ole B. Hjertaker said in a comment: “We thank Mr. Eide for his valuable contribution to the company and wish him the best of luck in his new endeavors. We are very pleased that Mr. Gurvin has accepted the role as the new CFO, which will ensure a smooth and effective transition.”

Hamilton-based Ship Finance is a major ship owning company listed on the New York Stock Exchange. Including newbuildings, the Company has a fleet of 69 vessels, including 25 crude oil tankers, two chemical tankers, five oil/bulk/ore vessels, 12 drybulk carriers including two newbuildings, 15 container vessels including four newbuildings, six offshore supply vessels, one jack-up drilling rig, one ultra-deepwater drillship and two ultra-deepwater semi-submersible drilling rigs. The fleet is one of the largest in the world and most of the vessels are employed on long-term charters.

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