Prosafe Announces CEO Transition Amidst Industry Leadership

Prosafe ( (GB:0J5Y) ) just unveiled an announcement.

Prosafe has announced the resignation of CEO Terje Askvig, effective September 1, 2025, with Reese McNeel, the current CFO, stepping in as interim CEO and CFO. The transition is being overseen by Carey Lowe, the chair of the Board of Directors, who will act as executive chairman during this period. The board is in the process of appointing a permanent CEO. This leadership change comes after Askvig successfully guided the company through a challenging financial restructuring, leaving Prosafe as a leading provider in its industry.

More about Prosafe

Prosafe is a leading owner and operator of semi-submersible accommodation vessels, primarily focusing on providing floating accommodation and Units for Maintenance and Safety (UMS). The company is publicly traded on the Oslo Stock Exchange under the ticker code PRS.

Average Trading Volume: 655,825

Current Market Cap: NOK1.36B

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