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Tuesday, October 27, 2020

Internal Audit News

Claes Eek Thorstensen, President and CCO of the Thome Group (Photo: Thome Group)

Thome Group Shifts to Remote Audits Due to COVID-19 Restrictions

Singapore-based ship management company Thome Group said it has undergone a series of remote audits with DNV GL in various locations due to the widespread lockdown restrictions across the globe.Thome Mumbai office’s annual ISO 9001:2015 audit was performed online using video conferencing software which enabled document sharing and discussions to take place to verify that all requirements had been met. This was the first remote inspection that Thome had carried out and, because of its successful conclusion…

Ray Fitzgerald (Photo: Crowley)

Fitzgerald to Rejoin Crowley as COO

Crowley Maritime Corp. announced today that Ray Fitzgerald, who began his career with Crowley and most recently served as president and chief operating officer of Wallenius Wilhelmsen Solutions, and chairman of American Roll-on Roll-off Carrier (ARC), will rejoin the company March 1 as chief operating officer reporting to Tom Crowley, company chairman and CEO. He will be based at the company’s headquarters in Jacksonville, Fla.Fitzgerald will lead the team of Crowley’s four senior vice presidents and general managers: Rocky Smith…

Logo: AGCS

Ossena to Drive AGCS N. America Growth

Allianz Global Corporate & Specialty (AGCS) said that Baptiste Ossena, Global Product Leader of Hull and Marine Liabilities (HML), will assume additional responsibility as the North American Regional Head of HML, effective April 1, 2019.Relocating to New York from Paris, Ossena will work closely with direct report John Kiernan, the current Head of HML in North America, who will take on the key responsibility for large account management and portfolio steering across the business.Ossena has held his current global role since 2017.

Port of Oakland Names Haggerty as Chief Audit Officer

A longtime Santa Clara County audit and accounting manager becomes the Port of Oakland’s Chief Audit Officer next month. The Board of Port Commissioners said it has appointed Rebecca Haggerty to its top auditing post.Currently the Internal Audit Manager for Santa Clara County, Haggerty will direct operational and financial audits for all Port offices. She’ll report to the Port Board. She succeeds Acting Chief Audit Officer Katherine Buckley who returns to her role as a Port Audit Manager.Haggerty joined Santa Clara County in 1997, holding various accounting and auditing roles.

Jeanne Callahan (Left) and David “Chip” Wasson. Photo: Huntington Ingalls Industries

Huntington Ingalls Promotes Two Vice Presidents

America’s largest military shipbuilding company announced that Jeanne Callahan has been named corporate vice president, internal audit, and that David “Chip” Wasson has been named corporate vice president, corporate strategy. Both promotions are effective immediately, and both report to Chris Kastner, executive vice president, business management, and chief financial officer. Callahan has served as director, business management, contracts and government compliance, since HII formed in 2011.

André Bertram (Photo: Torqeedo)

Bertram Joins Torqeedo's Executive Board

André Bertram is the new chief financial officer (CFO) and member of the management board at Torqeedo, a manufacturer of electric boat motors. Bertram assumed responsibility for the finance department of the Bavarian company on September 1, 2016. Bertram has extensive technology company management experience and most recently served as CFO of global software developer IBS AG. He previously worked as CFO and in controls, risk management, internal audit and mergers and acquisitions for Siemens Group companies.

Damen Shiprepair Oranjewerf (Photo: Damen)

Damen's Oranjewerf Yard ISO 9001:2008 Certified

Damen Shiprepair Oranjewerf (DSO) has become the latest Damen ship repair yard to receive ISO 9001:2008 certification, demonstrating that the yard fulfils the requirements of the defined management system standards to consistently provide a high quality service that meets all customer, statutory and regulatory requirements through a process of continuous improvement. This specifically refers to the repair, maintenance, inspection and drydocking of inland vessels, seagoing vessels and other steel constructions.

Christopher D. Kastner (Photo: HII)

Leadership Changes at Huntington Ingalls Industries

U.S. shipbuilder Huntington Ingalls Industries (HII) announced today a number of changes across its leadership team. HII’s Board of Directors has elected Christopher D. Kastner to succeed Barbara A. Niland as the company’s chief financial officer and corporate vice president, business management, effective with Niland’s retirement on March 1, 2016. Furthermore Philip Luna, corporate vice president and president, UniversalPegasus International (UPI), a subsidiary of HII, has been promoted to the HII senior executive team, effective immediately.

SBM Offshore Reaches Out-of-court Settlement

SBM Offshore today reached an out-of-court settlement ex Article 74 of the Dutch Criminal Code with the Dutch Public Prosecutor's Office (Openbaar Ministerie) over the inquiry into alleged improper payments. Furthermore, the United States Department of Justice has informed SBM Offshore that it is not prosecuting the Company and has closed its inquiry into the matter. The settlement with the Openbaar Ministerie and the United States Department of Justice's decision relate to payments to sales agents in Equatorial Guinea, Angola and Brazil in the period from 2007 through 2011.

Noble Execs Cut Deal with SEC Ahead of Bribery Trial

Two executives from offshore drilling contractor Noble Corp have agreed to settle civil claims they participated in a bribery scheme to obtain permits for oil rigs in Nigeria, days before the case was set to go to trial. Jury selection had been scheduled for next Monday in the U.S. Securities and Exchange Commission's case against Mark Jackson, Noble's former chief executive officer, and James Ruehlen, director of the oil and gas services company's Nigerian subsidiary. The two men were sued under the Foreign Corrupt Practices Act (FCPA), which bans U.S.

New CFO at Royal Caribbean

Royal Caribbean announced that Brian Rice, Vice Chairman and CFO of Royal Caribbean Cruises Ltd., will transition his CFO responsibilities to Jason Liberty as he prepares for his retirement in the spring of 2014. Rice will continue to serve as Vice Chairman until his retirement, overseeing Royal Caribbean’s finance, supply chain, strategy and information technology functions. Rice has been with Royal Caribbean for more than 20 years, serving as CFO since 2006 and Vice Chairman since 2012.

Dwayne Blake: Photo credit HII

HII Make New Executive Appointments

Huntington Ingalls Industries announces new executive appointments for Investor Relations and Internal Audit. HII appoint Dwayne Blake corporate vice president, investor relations, and Scott Stabler corporate vice president, internal audit, effective Jan. 1, 2013. Blake, formerly the corporate vice president, internal audit, is replacing Andy Green, who is leaving the corporate staff for a position at HII's Newport News Shipbuilding division (NNS). Blake's responsibilities will…

Simon Gallagher, head of Moore Stephens’ insurance practice

Moore Stephens Adds to Audit Team

Leading insurance accountant and consultant, Moore Stephens, is to boost its governance, risk and assurance team with the recruitment of two leading practitioners, Gary Oliver and Gavin Davey. Currently a partner at Mazars, Gary Oliver is well-known in the London market, providing governance, risk and assurance services and acting as head of internal audit to a range of clients including Lloyd’s agencies and syndicates, insurers and reinsurers. He has strong commercial experience…

IMO Secretary-General Mr. Koji Sekimizu

Positional changes at IMO Secretariat

After taking office on 1 January 2012, the IMO Secretary-General Mr. Koji Sekimizu today announced a number of changes in the structure of the IMO Secretariat. Mr. Sekimizu said: “The biggest challenge I see in the coming years, in terms of management of the Organization, is how to improve the ‘delivery mechanism’ in the Secretariat to address the demanding issues we face, such as anti-piracy measures, the introduction of the mandatory Member State Audit Scheme and our ever-increasing workload.

Transocean Appoints Rob Shaw

Transocean Ltd. has appointed Rob Shaw to serve as Vice President, Controller and Principal Accounting Officer, effective December 1, 2011. Until Shaw assumes this position, Robert L. Herrin, Jr. will serve as interim Vice President and Controller and Ricardo H. Rosa, the company’s Senior Vice President and Chief Financial Officer, will serve as interim Principal Accounting Officer. Herrin has served as the company’s Vice President of Internal Audit since 2007, but will not act in that capacity during the period that he serves as interim Vice President and Controller.

Rob Shaw Named Vice President, Controller and Principal Accounting Officer

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that Rob Shaw has been appointed to serve as Vice President, Controller and Principal Accounting Officer, effective December 1, 2011. Until Mr. Shaw assumes this position, Robert L. Herrin, Jr. will serve as interim Vice President and Controller and Ricardo H. Rosa, the company’s Senior Vice President and Chief Financial Officer, will serve as interim Principal Accounting Officer. Mr. Herrin has served as the company’s Vice President of Internal Audit since 2007…

Legal Beat: MARPOL Enforcement in the United States

The United States has long been aggressively enforcing compliance with the International Convention for the Prevention of Pollution from Ships, as amended (“MARPOL”), which is implemented in the United States by the Act to Prevent Pollution from Ships (“APPS”). Since the early 1990s, the effort has been directed at all types of registered and domestic tonnage – the full spectrum of waterborne commerce. Those entities and individuals prosecuted for MARPOL violations also span a wide spectrum of owners…

Photo courtesy Crowley

LaMoureaux Crowley VP Internal Audit, Ethics

Crowley Maritime Corporation announced the promotion of Arthur LaMoureaux to vice president of internal audit, ethics and compliance. He will remain domiciled in Jacksonville and report directly to Crowley's board of directors and administratively to Vice Chairman and Executive Vice President Bill Pennella. "Given the size, scope and diversity of Crowley, we believe it is of the utmost importance to sharpen our focus even further on ethics and compliance," said Tom Crowley, chairman, president and CEO.

FMC, Petrobras $80M Subsea Service Contract

FMC Technologies, Inc. (NYSE: FTI) announced that it has signed a subsea service contract with Petrobras (NYSE:PBR) (NYSE:PBRA) . The agreement is effective through 2012 and is expected to result in an additional $80m in revenue to FMC Technologies. FMC's scope of supply includes storage, maintenance, commissioning and offshore services for subsea and topside control systems and drill pipe riser systems. 10. International accountant and shipping consultant Moore Stephens has strengthened…

UK Accident Investigation, Chief Officer Fatality

The UK Marine Accident Investigation Branch (MAIB) released the report of its investigation of the fatality of the chief officer of a ship who fell while descending into a ballast tank while the ship was underway in the Gulf of Aden on 28 January 2009. He was not wearing a fall arrestor and his entry into the tank did not comply with company or industry practice. Although non-compliance with the permit to work system had been identified during a previous company internal audit, to effective remedial action had been taken. Report No. 20/2009 (9/10/09). (Source: Bryant’s Maritime News)