Havyard Group ASA announced that the Board of the company and CEO Geir Johan Bakke has agreed to terminate the employment relationship with immediate effect. The Board of the company has constituted Gunnar Larsen as CEO, and will immediately begin the work of recruiting a permanent CEO. Larsen comes from the position as general manager of Havyard Production, is Senior Vice President Market & Business Development of the Havyard Group and has been employed by the Group for twelve years.