Seaway Heavy Lifting Limited agreed to acquire the renewable-energy division of Subsea 7 SA (OB:SUBC) on January 9, 2013. As a result of the transaction, Jan Willem van der Graaf, Subsea 7's Senior Vice President Renewable Energy, will become the new Chief Executive Officer of Seaway Heavy Lifting. Furthermore, Bob Dunsmore, who was Subsea 7's Vice President Renewables, will join the Seaway Heavy Lifting management team.