Odense Steel Shipyard will divide the organisation into two divisions, Lindø Industrial Park and Lindø Shipyard. Lindø Industrial Park is facing a development process, while Lindø Shipyard is to be closed down.

These are two very different tasks which have to be handled differently, and this is best done in two separate organisations. Lindø Industrial Park will be operated as an independent division where FAYARD (formerly known as Fredericia Shipyard) currently rent facilities, whereas Lindø Shipyard will be closed down gradually until the final orders have been delivered in February 2012.

Management Changes
With the coming changes, managing director Finn Buus Nielsen felt the time was right to resign from his position, allowing other resources to lead Odense Steel Shipyard in the time ahead. He resigns per 1 November 2009 after a career of 43 years at Odense Steel Shipyard.

Odense Steel Shipyard Ltd. A/S will continue as a company but will be the holding company for the two independent divisions. Current CFO, Peter Jann Nielsen, will be managing director of the holding company. He will be in charge of the overall coordination of the Group and relations to the board of directors.

Steen Schougaard Christensen will be responsible for the operation of Lindø Shipyard, while Michael Nymark Hansen will be responsible for the operation of Lindø Industrial Park. They both come from positions within Odense Steel Shipyard. Steen Schougaard Christensen held a position as head of production and Michael Nymark Hansen was responsible for the development of Lindø Industrial Park.