J. Erik Hvide Steps Down Hvide Marine named Jean Fitzgerald chairman, president and chief executive officer, replacing J. Erik Hvide, who resigned for personal reasons. Hvide will remain a member of the board of directors, the company said. Fitzgerald, 73, has been a director of the company since 1994. He will take up his position immediately, it said. Hvide, 50, steps down from active duty after 29 years of service with the company, which was founded by his father, Hans Hvide, in 1958.
Brazil's state-run oil company Petroleo Brasileiro SA extended a leave of absence for the head of its tanker and pipeline unit, Transpetro, for 30 more days according to a filing on Friday. Transpetro President Sergio Machado stepped down temporarily on November 3 as police investigated a corruption scandal at the company that has delayed the release of audited earnings, implicated an array of major contractors and threatened to ensnare dozens of politicians.
Italian classification society RINA has appointed a new board of directors and chief executive. Effective today, Enrico (Gianni) Scerni will be Chairman of RINA Spa, and Ugo Salerno will be CEO. The shareholders meeting, held on May 23, has also taken the opportunity to thank the Chairman Saverio Di Macco, the CEO Nicola Squassafichi and all the other Board members for the very good work done in the past three years.
The Coast Guard will hold a change of command ceremony at Faneuil Hall, Monday at 10:00 a.m., as Rear Admiral George N. Naccara will step down as commander of the First Coast Guard District, turning over leadership of the service's New England, New York and Northern New Jersey operations to Rear Admiral Vivien S. Crea. A number of VIPs will be in attendance, and senior Coast Guard officers will preside over the ceremony.
Pierre-Yves Jullien, CEO of Hempel A/S since 2005, has decided to retire after nearly 40 years in the Group. He will step down from his role as CEO on March 31, 2016 at the latest. Hempel’s board of directors has initiated a search for a new CEO of the group. Jullien has been elected to the board of the Hempel Foundation (the sole owner of Hempel A/S), to replace John Schwartzbach, who has reached the age limit for board members.
The CFO of Houston-based National Oilwell Varco Inc. (NOV) is stepping down to become CEO of Transocean Ltd. (RIG), one of NOV’s largest customers. Effective April 22, Jeremy Thigpen will become CEO of Switzerland-based Transocean, which has its main U.S. office in Houston. Thigpen succeeds Ian Strachan, who had been serving as interim CEO since Steven Newman stepped down in February. Strachan, who is also the company's Chairman of the Board of Directors
Following the completion of the acquisition by TUI AG of CP Ships and its de-listing from the Toronto and New York stock exchanges, CEO Ray Miles will step down from his position on December 31, 2005, and CFO Ian Webber will leave CP Ships at the end of January 2006. "Throughout his career Ray has had a tremendous influence on our industry. He transformed an underperforming single-route two-vessel shipping line into a consistently profitable top-20 international carrier
Following the completion of the acquisition by TUI AG of CP Ships and its de-listing on 20th December from the Toronto and New York stock exchanges, CEO Ray Miles will step down from his position on December 31. CFO Ian Webber will leave CP Ships at the end of January 2006. Miles started his shipping career in 1972 with Ocean Transport & Trading. He subsequently served as Executive Vice President of Barber Blue Sea and Managing Director of Global Equipment Management which promoted the
Maritime training company Videotel Marine International has announced that Bill O'Neil, formerly General Secretary of the IMO, is to become its new President. "Bill O'Neil has done a great deal to promote the safety culture in the maritime industry, and training is an inherent part of that culture," says Stephen Bond, managing director of Videotel. "His experience and reputation will help ensure that Videotel remains at the forefront of the training industry."
The Board of Directors of the American Shipbuilding Association (ASA) announced today its decision to dissolve the organization effective December 31, 2010. The decision comes after a review of the organization’s charter and changes in the industry landscape convinced the Board that another approach was needed to address the industry’s issues in Washington. "The structural changes underway in the U.S
British engineering group Rolls-Royce (RR.L) said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it said would have a "broadly neutral" impact on 2015 profits. Rolls-Royce is in the middle of a cost-saving plan in its
Alastair Marsh, current CFO at the Lloyd’s Register Group Ltd. (LR), has been appointed as the successor to CEO Richard Sadler who has decided to step down at the end of 2015. Sadler will pass the CEO role to Marsh on October 1
Transocean Ltd. today announced that, as mutually agreed with the company, Esa Ikaheimonen is stepping down as Executive Vice President and Chief Financial Officer effective immediately. Mr. Ikaheimonen has also resigned his company-appointed position as the Chairman of the Board of
John Wiik to step down as CEO of Norwegian Hull Club, passing the reins to Faz Peermohamed The Norwegian Hull Club announced that John Wiik will step down as CEO on January 1, 2016. Filling Wiik's role will be Faz Peermohamed, the club announced
OSX Brasil SA Chief Financial Officer Claudio Antônio da Silva Zuicker is stepping down, and Chief Executive Officer Vladimir Kundert Ranevsky will add the role of CFO, the troubled Brazilian shipbuilder said in a statement on Tuesday.
Transocean Ltd shares are expected to move about 8 percent in either direction following its earnings results on Wednesday, options data showed, but positioning among traders suggests some worry. This would be the biggest post-earnings move for the shares in at least eight quarters.
Greece's leading banks are considering offloading part of their portfolios of shipping debt worth billions of dollars in a bid to shore up their capital, according to banking and ship financing sources. Greece has secured an extension to its bailout from its European partners
South Korea's new maritime minister Yoo Ki-june urged all-out efforts to enhance maritime safety. Calling the tragic sinking of a passenger ferry last year the result of a failure by his ministry, Ki-june said that his ministry would work to be aggressive while pursuing its goals
Hapag-Lloyd CFO Peter Ganz steps down from position; CSAV CFO Nicolas Burr appointed his successor Peter Ganz will step down from his position as company CFO effective April 1, 2015, also leaving the company on the same day, as announced during today’s meeting of Hapag-Lloyd’s
Swiss driller Transocean Ltd. announced yesterday that it intends to scrap, in an environmentally responsible manner, two offshore rigs: GSF Aleutian Key and Sedco 707. The rigs are classified as held for sale. As a result of this decision
Developer of motion compensation solutions Ampelmann announced that its supervisory board has appointed Jim Craig as the company’s new chief executive officer, effective immediately. Craig brings more than 25 years of energy industry experience to the role
Gateway Distriparks Limited (GDL) today announced record profits for the year ended 31 March 2015. During the year, GDL Group (CFS + Rail + Cold Chain) Net Profit increased by 38.2% over the previous year from Rs 135.8 Cr. to Rs 187.8 Cr. Q4 net profit increased (Y-o-Y) by 21
Huisman board appoints André Meijer as chief executive officer (CEO) per August 2015; Joop Roodenburg to become chief technology officer (CTO) Huisman announced that André Meijer is appointed as CEO, effective August 1, 2015
ABB, the leading power and automation technology group, has created an international research award to honor Hubertus von Gruenberg, who is stepping down after eight years as Chairman of the Board of Directors. The award is intended to encourage world-class research in ABB’s main
CEO, CFO to step down, new CEO from inside company. The CEO and finance chief of Dutch builder Imtech have resigned from the company, as a drop in sales and weaker profit margins showed plans to restore confidence following an accounting scandal were faltering.