Atlantic Sapphire Changes to Executive Management

Source: www.gulfoilandgas.com 2/22/2021, Location: North America

Atlantic Sapphire ASA announces that Karl Oystein Oyehaug today has been promoted to Chief Financing Officer and Alejandro Castro today has been promoted to Chief Accounting Officer and will together be responsible for the financial function of the Company. Mr. Oyehaug and Mr. Castro have both been elevated to these positions internally following a comprehensive external search. Both positions will be reporting to the CEO.

Karl Oystein Oyehaug, Chief Financing Officer and Managing Director of the Company, will be responsible for maintaining an optimal capital structure for the Company’s future growth, and handling external financial stakeholders.

Alejandro Castro, Chief Accounting Officer, will be responsible for managing the Company’s internal financial infrastructure including accounting, treasury, tax, procurement and insurance.

Karl Oystein Oyehaug, Chief Financing Officer and Managing Director Since September 2020, Mr. Oyehaug was the Interim Chief Financial Officer at Atlantic Sapphire. Mr. Oyehaug has been employed as the Group's Finance Director since 2018 and was elected as Managing Director of the Company at the time of conversion to public limited liability company in May 2020. Prior to joining the Group, Mr. Oyehaug served as Equity Analyst at Carnegie Investment Bank in Oslo, Norway, covering the seafood sector. Mr. Oyehaug holds a degree in economics & business administration from the Norwegian School of Economics (NHH) and Columbia University in the City of New York.

Alejandro Castro, Chief Accounting Officer Alejandro Castro, a licensed Certified Public Accountant, was Atlantic Sapphire’s Group Controller since 2018. Before joining Atlantic Sapphire, Mr. Castro held CFO and VP of finance positions in high growth international companies. Furthermore, Mr. Castro is ex Deloitte where he worked in Audit and Transaction Advisory roles. Mr. Castro holds a Master in Business Administration from Northwestern University – Kellogg School of Management. Additionally, he holds a Master of Science & a Bachelor of Science in Accounting from Florida International University.


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