Philly Shipyard, Inc., the sole operating subsidiary of Philly Shipyard ASA
(Oslo: PHLY), announces the unexpected death of Chief Financial Officer, Brian
Leathers, age 60. Mr. Leathers joined Philly Shipyard in early 2019 as the
company's Strategy and Compliance Officer before assuming the CFO role in July
2019.
Steinar Nerbovik, Philly Shipyard President and CEO, remarked "It is with great
sadness that we share the news of Brian's passing, and our entire organization
mourns his death. Brian was a well-respected colleague and friend to many. His
positive energy, enthusiasm, and dynamic personality will be sorely missed."
Philly Shipyard will immediately engage in the process to appoint a successor
and has already taken adequate measures to secure the proper handling of the
interim period.
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.