Aker American Shipping names Gregory Matecki new CFO

(PHILADELPHIA, PA – June 9, 2008) — Aker American Shipping ASA (Oslo: AKASA), a U.S.Jones Act ship owning and leasing company, announced that Gregory J. Matecki has joined the organization as Chief Financial Officer. Matecki will be a key member of Aker American Shipping’s executive team and has a broad base of experience in financial management, strategic planning,treasury management, SEC reporting, auditing, reporting and analysis, and acquisitions and divestitures. Matecki replaces Fredrik Nygaard, who has served as interim Finance Director since December, 2007.

Prior to joining Aker American Shipping, Matecki was employed by Binswanger of Philadelphia, where he served as Vice President and Chief Financial Officer. In this role, he focused on increasing shareholder value through the development and implementation of the company’s short and long term strategic goals and improving the operational effectiveness of the organization. Matecki has an MBA from Villanova University and is a Certified Public Accountant in the Commonwealth of Pennsylvania.

Aker American Shipping President & CEO, Rob Kurz, stated, “I am pleased to welcome Greg to the executive team. His broad experience and successful track record will be valuable assets to Aker American Shipping as we continue to grow and expand our capabilities. I am confident he will play an instrumental role in the continued success of Aker American Shipping.”

By Professional Mariner Staff