Mooreast Holdings has appointed Eirik Ellingsen as its CEO, with effect from Jan 1, 2025.
Ellingsen will take over Sim Koon Lam, the founder of Mooreast Holdings 1V3 . Sim will continue to serve as executive director and deputy chairman of the group.
According to the group, Ellingsen has over 35 years of experience to the role, and is currently serving as director of offshore wind in the Asia Pacific at an independent non-profit foundation Norwegian Energy Partners (Norwep). Following his new appointment, Ellingsen will step down from his role at Norwep on Dec 31.
Prior to joining Norwep, Ellingsen held roles in the global offshore industry, including group executive director for Ferguson Group, overseeing its global container and modular business.
Ellingsen holds certifications in Business Sustainability Management from the University of Cambridge, Leadership and Competence Development for Board and Committee Members from the University of Stavanger and in Foundation Program in Business Administration from the BI Norwegian School of Management. Additionally, he is a certified ISO 9001, 14001, 27001 Lead Auditor through the Knowledge Academy.
The group says Ellingsen’s appointments amid the growing commercialisation of floating renewable energy projects, which are moving further offshore to deeper waters, driving demand for advanced mooring solutions such as anchoring techniques and synthetic mooring lines.
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Mooreast adds that it is set to leverage on Ellingsen’s expertise and network within the offshore wind industry to capture business opportunities, in line with the group’s plans to position itself as a key player in the global floating offshore wind market.
Sim Koon Lam says: “We are delighted to welcome Ellingsen to the team; his experience, strong track record and deep industry knowledge and network will further accelerate our push towards the floating offshore renewable sector. We are confident he will strengthen our strategic direction, propel the group to the next level and deliver long-term value to our shareholders.”
Eirik Ellingsen adds: “I am deeply honoured and excited to take on the role of CEO at Mooreast. I look forward to working with the Mooreast team to implement key transformation strategies to build momentum and achieve the group’s long-term vision of becoming the leading mooring solutions provider within the floating renewable energy sector.”
Shares in Mooreast Holdings closed flat at 14 cents on Nov 21.
