COLUMN | I Ain’t Coming Back: Dive vessel ex-Matisse to Nigeria; Olympic Notos leaves wind for oil; Edda Wind goes private; Astro and Allseas buy; Fredriksen flips in China; whistleblower wins against SBM [Offshore Accounts]

Goodbye founding shareholder, goodbye CEO

Along the way, the company’s founding investor, Østensjø Wind, a wholly owned subsidiary of Norwegian offshore player and tug owner Østensjø, decided to bail. In May 2024, Østensjø agreed to sell 21,300,000 shares in Edda Wind at a price of NOK24.50 (US$2.36) per share, completely exiting its position in Edda Wind.

In December, Edda Wind announced an “organisational update” that its CEO, Kenneth Walland, was leaving his role at very short notice, effective January 1, 2025, “as he transitions into retirement.”