Posted October 29, 2019
A specialist in oceanographic instrumentation has appointed a new CEO as it continues to grow.
Finn Ivar Marum has been appointed the new CEO of Nortek as Atle Lohrmann steps down after two decades at the helm. Mr Marum was previously a senior partner at private equity investor HitecVision and most recently an executive vice president at Norfund – The Norwegian Investment Fund for Developing Countries. He has also served as chairman of the board at Nortek for the past seven years.
“Finn Ivar Marum brings with him new types of competences that are more relevant for our organization as Nortek continues to grow,” stated Mr Lohrmann, now chairman of the board.
Strong structure essential
The importance of a solid organisational structure has become increasingly important as Nortek enters into several new market segments and aims to more than double its turnover in the coming five years.
Mr Lohrmann is taking on new challenges at Hefring Engineering in Boston, US.
“I am not retiring! Quite the contrary,” said Mr Lohrmann. “From now on, my main focus will be on developing Hefring Engineering here in Boston to become a viable provider and partner in the US market.”
The first project Hefring Engineering is focusing on is to develop a small and efficient glider to help researchers cover more of the ocean in a single mission. This will be achieved by building on the know-how and competence developed at Nortek over its 23-year history.
By Rebecca Jeffrey