The termsof the merger favour the Norwegians, with the DNV Foundation holding 63.5% ofthe stock and GL’s parent, privately-owned Mayfair, holding the 36.5% balance.
DNV’s chiefexecutive Henrik Madsen and its chairman Leif-Arne Langoy will retain theirpositions in the new group, which will be run from DNV headquarters in Hovik,outside Oslo.
No other seniormanagement positions have yet been defined and will be decided on merit ratherthan any quota arrangement, Madsen said.
