The terms of the merger favour the Norwegians, with the DNV Foundation holding 63.5% of the stock and GL’s parent, privately-owned Mayfair, holding the 36.5% balance.
DNV’s chief executive Henrik Madsen and its chairman Leif-Arne Langoy will retain their positions in the new group, which will be run from DNV headquarters in Hovik, outside Oslo.
No other senior management postions have yet been defined and will be decided on merit rather than any quota arrangement, Madsen said.
Madsen,
