Business Context and Reporting Period
This Form 6-K filing by Ship Finance International Limited (SFL Corp Ltd.) covers the month of September 2006. The report serves to disclose a material corporate governance event: the appointment of a new Chief Financial Officer.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a press release regarding personnel changes and contains no financial statements or performance data.
Material Changes
The primary material change disclosed is the appointment of Ole B. Hjertaker as the Chief Financial Officer for Ship Finance Management AS. Mr. Hjertaker brings 12 years of corporate and investment banking experience, primarily within the Maritime/Transportation industries, and was previously a director in the Corporate Finance division at DnB NOR Markets.
Guidance, Outlook, and Management Commentary
Management commentary is limited to a statement by Chairman Tor Olav Troim, who expressed satisfaction with the recruitment, citing Mr. Hjertaker's international background and reputation in the capital market as assets to the company. Mr. Hjertaker is expected to assume his position during the fourth quarter of 2006. The filing contains no financial guidance, risk factors, or discussion of contingencies.
Key Facts for Investor Verification
- Ole B. Hjertaker has been appointed CFO of Ship Finance Management AS.
- The new CFO is expected to start in the fourth quarter of 2006.
- The appointee has 12 years of experience in the Maritime/Transportation sector.
- No financial performance data is included in this specific filing.