DeepOcean’s board of directors appointed COO Ottar Mæland as acting CEO of DeepOcean, the company said on Oct. 30.

After leading DeepOcean through a successful ownership change, the current CEO of DeepOcean Bart Heijermans has will step down from his position as CEO effective Nov. 18, but has agreed to remain on the board as a non-executive director.

“We are confident that, thanks to his expertise and knowledge of the company and the markets we are operating in, we will continue to drive the positive future development of DeepOcean,” Terje Askvig, chairman of the board, said.