2018 was a good year for STAR, with a good financial result and profit. During the same period, we have made considerable investments in new software and service products and launched new versions of our portfolio. At the same time, STAR has been attracting many new clients, and activity on the existing software platform has increased. Consequently, 2018 was a turning point for STAR.
This has required STAR and our employees to focus on what we are best at; making optimized solutions supporting our customers’ complex processes. Our best of breed portfolio – Star Maritime Enterprise Asset Management – is still a market leader in the shipping and oil & gas industry. Star Maritime EAM contributes to reducing maintenance and logistics cost and maximizing profitability and safety.
The new business plan is being prepared, and we continue our focus on delivering what our customers require and need.
To help focusing and implementing this, STAR has made some organizational changes:
Torger Skillingstad has been appointed as Chairman of the Board. With 30+ years in the maritime and oil & gas space he will contribute with his experience and network.
Erik Outzen will change his role from CEO to management advisor and member of the Board, focusing on strategy and continuous improvement.
Per Anders Koien will again take the role as CEO as we believe that his 20+ years of domain knowledge and the need for internal continuity is important at this stage.
In addition, we are happy to announce that long-serving board member John Inge Røtting will take the position as CCO. Besides knowing STAR as a Board member, John Inge has extensive experience from both the maritime software world and most recently as Customer Business Solutions Manager at Wilhelmsen Ships Service.
Focus will still be on deliveries to customers and the transition to our future product portfolio. STAR will continue to deliver “on the edge” software to the maritime domain as we did when Star IPS was introduced two decades ago.
All in all, STAR will be a strong and supportive vendor in the maritime space, with the most complete portfolio of software and services for the shipping and oil & gas industry in the future. 2019 has started as 2018 ended, showing that STAR is an attractive supplier with many ongoing deliveries to customers and new requests from both existing and potential customers.