Höegh LNG Partners LP Announces New Director and New Chairman

Rhea-AI Summary

Höegh LNG Partners LP (NYSE: HMLP-PA) has appointed Erik Nyheim as a new director following John V. Veech's resignation. Nyheim, who has been the President and CEO of Höegh LNG Holdings Ltd. since August 2022, succeeds Veech as an appointed director. Carlo Ravizza has also been appointed as the new chairman of the Board. Nyheim's background includes leadership roles at Boston Consulting Group and over 15 years with the Wilhelmsen group, with a BSc in Economics and Business Administration from NHH in Bergen.

Positive

• Erik Nyheim's appointment brings fresh leadership and perspectives.
• Nyheim's extensive experience in the maritime industry may strengthen the board's effectiveness.

Negative

• John V. Veech's departure may raise concerns about continuity in board leadership.

HAMILTON, Bermuda, Nov. 30, 2022 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP-PA) announces that Mr. Erik Nyheim has been appointed by the general partner of the Partnership to fill the vacancy created by the resignation of Mr. John V. Veech earlier this month as an appointed director of the Board of Directors of the Partnership (the "Board").  Additionally, Mr. Carlo Ravizza has been appointed by the appointed directors of the Board to succeed Mr. Veech as chairman of the Board.

Mr. Nyheim has served as President and Chief Executive Officer of Höegh LNG Holdings Ltd. since August 2022.  Previously, he was a Partner of Boston Consulting Group's Norwegian office where he had led their maritime practice since 2019. Prior to 2019, he worked for more than 15 years with the Wilhelmsen group. Mr. Nyheim holds a BSc Economics and Business Administration from the Norwegian School of Business and Administration (NHH) in Bergen.

Mr. Håvard Furu, Chief Executive Officer and Chief Financial Officer of the Partnership, commented "On behalf of the Partnership, I am very pleased to welcome Erik Nyheim as our new Director."

Contact
The IGB Group, Bryan Degnan, +1 (646) 673-9701 / Leon Berman, +1 (212) 477-8438

View original content:https://www.prnewswire.com/news-releases/hoegh-lng-partners-lp-announces-new-director-and-new-chairman-301690726.html

SOURCE Hoegh LNG Partners LP

FAQ

Who is the new director appointed at Höegh LNG Partners LP?

Erik Nyheim has been appointed as the new director at Höegh LNG Partners LP.

What is Erik Nyheim's background?

Erik Nyheim previously served as President and CEO of Höegh LNG Holdings Ltd. and was a Partner at Boston Consulting Group.

Who succeeded John V. Veech as chairman of the Board?

Carlo Ravizza has been appointed as the new chairman of the Board.

When did the management change occur at Höegh LNG Partners LP?

The management change was announced on November 30, 2022.

How might Erik Nyheim's appointment impact Höegh LNG Partners LP?

Nyheim's maritime expertise could enhance the board's strategic direction.