Tom Jebsen has delivered in resignation notice from his position as CFO in Frontline Ltd. Through this position Mr.Jebsen has also acted as CFO in Ship Finance International Limited and Golden Ocean Group Limited.
Mr Jebsen has been a very valuable employee in Frontline since he started in the company in 1997. In view of his solid contribution and professional work, The Frontline Group regrets Mr. Jebsen's decision but wishes him the best in his new job.
Mr. Jebsens termination period ends in the end of August 2006.
The board of Frontline Management AS will seek his replacement ASAP.