Edward Ross from Fidelity Joins Aker’s Investment Team

27.06 2013 09:47

Aker ASA has recruited Edward Ross (39) as investment director responsible for Aker Solutions ASA, Kvaerner ASA, Det norske oljeselskap ASA and Ocean Yield ASA, with effect from September 2013.

Edward Ross has held central positions in Fidelity Worldwide Investment since 2005, lastly as Natural Resources Team Leader in London. Mr. Ross has extensive knowledge of the energy companies in Aker’s industrial portfolio. Mr. Ross a British citizen is a Chartered Accountant and holds degrees from Oxford University, UK, and MBA from Colombia Business School, USA.

"Edward Ross brings extensive public market investing experience to Aker along with a broad knowledge of the industry and business models. Edward’s background also means that he has an acute awareness of public market expectations and concerns, which will help the Aker group build value for all its shareholders," said Aker President and CEO Øyvind Eriksen. "It is a recognition of the high standing of Aker and our portfolio companies that he has decided to join our team."

As an investment director for Aker, Mr. Ross’ primary responsibility will be to follow Aker’s investments in the oil and gas sector. Earlier this year, Nicoletta Giadrossi left her position as Aker’s investment director for Aker Solutions, to become Head of Operations at Aker Solutions.

In connection with the reorganisation of the investment team, Maria Moræus Hanssen will leave Aker to pursue other opportunities. She will retain her position as board member of Det norske oljeselskap.

"We are very grateful to Maria for her tremendous contribution to Aker’s development over the past five years," Eriksen said. "She played a central role in the merger between Aker Exploration and Det norske oljeselskap. The combined company has added value to our shareholders and Det norske is today Aker’s second-largest investment. We wish her every success in the future."