Norway's DOF Group has moved subsidiary DOF Subsea's finance chief to a new role to ensure it secures a $2bn refinancing deal with creditors.
Jan Nore will now be head of restructuring, reporting to a steering committee led by DOF chairman Hans Olav Lindal, a Norwegian lawyer who was also brought in to spearhead talks with banks and bondholders.
This means Martin Lundberg has been promoted as acting CFO of DOF Subsea from 1 January.
