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Steps Down

China Rongsheng Chairman Quits

Chairman of China's largest private shipbuilder, Zhang Zhirong, steps down from China Rongsheng Heavy Industries Group. Determined to put scandal behind it, China’s largest private shipbuilder, China Rongsheng Heavy Industries Group, has said its chairman has stepped down. to be replaced by the yard’s CEO, Chen Qiang, reports SinoShip News. Rongsheng was hit by an insider dealing scandal involving a firm owned by Zhang ahead of the $15.1bn bid for Canadian oil firm Nexen Inc by China offshore oil and gas producer CNOOC. Rongsheng’s profits have slumped this year amid a barren time for Chinese yards and shares of the Hong Kong-listed entity have dropped 30%. Source: SinoShip News


OSX Brasil CFO Steps Down, CEO to Take Role

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.   OSX is the shipbuilding arm of the EBX conglomerate started by fallen tycoon Eike Batista, who was once Brazil's richest man but lost almost everything as his companies failed under mounting debt and missed targets.    


Marsh to Take Over as Lloyd’s Register CEO

Alastair Marsh (Photo: LR)

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, 2015 and commence a formal handover period until the end of December 2015. Simon Nice, currently Group FP&A Director, will take up the role of Interim Group Financial Director during the transition.  


Samsung Chairman to Step Down

's most powerful businessman said he is stepping down after 20 years at the helm of the Samsung group, following his indictment for tax evasion and breach of trust.   A sombre Lee Kun-Hee made the shock announcement at a press conference called to announce reforms to the scandal-tainted group, which employs 200,000 people and accounted for more than 20 percent of the nation's exports last year. Special prosecutors charged Lee last Thursday following a three-month investigation into


Hapag-Lloyd CFO Ganz Steps Down

Peter Ganz (Photo: Hapag-Lloyd)

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 Supervisory Board. The Supervisory Board has given its approval.   The change on the Executive Board comes following an agreement between shareholders stipulating that CSAV


New Chairman Announced at Intercargo

John Platsidakis

Intercargo the trade Association representing the interests of the bulk shipping industry, has announced the appointment of Mr John Platsidakis as Chairman. Mr Platsidakis is currently Managing Director of Piraeus-based Anangel Maritime Services Inc., a function that he will continue to perform alongside his role as Intercargo Chairman. The appointment was made at the Annual General Meeting of Intercargo in London on 9 October


Odfjell Tankers Head Steps Down

Morten Nystad (Photo: Odfjell)

Morten Nystad will step down as senior vice president of Odfjell Tankers after 35 years with the company. His departure is effective immediately.   Nystad has held various management positions during his tenure at Odfjell, serving within the company’s chartering department in Bergen and other locations.   Nystad’s exit follows the departure of president and CEO Jan A. Hammer in December 2014 “due to different views on the strategic direction for the


Transocean Shares Poised for Big Move

Photo: Transocean

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.   The outlook among traders was pessimistic, however, as seven of the ten most active Transocean options on Tuesday were puts, which are usually either a bet on or a hedge against the shares falling


Adrion Appointed CEO of CP Ships

The board of CP Ships Limited has appointed Adolf Adrion new CEO effective 1st January 2006 following the completion of the acquisition of CP Ships by Hapag-Lloyd at the end of 2005 The new CFO will be Ulrich Kranich, effective 1st February 2006. Adrion, also executive board member of Hapag-Lloyd AG, is retaining his previous responsibilities and is taking over from former CP Ships CEO Ray Miles, who stepped down from his post on 31st December 2005.


Adm. Allen Rumored to Head CG

According to UPI, an administration official who spoke on condition of anonymity said that when the head of the U.S. Coast Guard steps down in May, the White House will be nominating Coast Guard chief of staff Vice Adm. Thad Allen to the position. Allen -- who burnished his reputation, and that of the agency, when he stepped in to take control of post-Katrina recovery operations from the disgraced and later fired head of the Federal Emergency Management Agency


Sivertsen is New CEO of EMGS

Stig Eide Sivertsen

  Stig Eide Sivertsen is appointed as Chief Executive Officer of Electromagnetic Geoservices Bjarte Bruheim has decided to step down as Chief Executive Officer of Electromagnetic Geoservices ASA with immediate effect. He has held this position since 7 January 2015, and before that


Ulstein Implements Organizational Changes

The management team in Ulstein Design & Solutions BV, from left Nick Wessels (Marketing & Sales Manager), Edwin van Leeuwen (Managing Director), Bram Lambregts (Deputy Managing Director), and Alwin Hendriks (Finance Manager

Naming and organizational changes are underway in the Ulstein Group companies in the Netherlands. As of August 1, 2015, the ship design company Ulstein Sea of Solutions has been renamed Ulstein Design & Solutions BV (UDS BV), while the equipment company Ulstein Idea Equipment Solutions has


Singapore Transport Minister Resigns

Photo: Official Facebook page of Lui Tuck Yew

 Singapore’s transport minister Lui Tuck Yew, a familiar face among the country’s shipping industry, will step down from politics.   Lui, former chief executive of the Maritime and Port Authority (MPA), has shocked the Singapore maritime industry advising prime minister Lee


Sulzer Appoints Dittrich as Interim CEO

Thomas Dittrich as Interim CEO

  The Board of Directors of Sulzer was surprised to hear of Klaus Stahlmann's personal decision to step down as CEO of Sulzer AG. The Board of Directors acknowledges Mr. Stahlmann's contribution to Sulzer's realignment, but in the interests of maintaining clarity and focus on the management


ISS Announces CEO Transition

ISS_Logo.jpg

Captain Claus Hyldager yesterday decided to step down as the Chief Executive Officer of Inchcape Shipping Services (“ISS”).    The current Chief Financial Officer, Chris Whiteside, has been appointed as acting Chief Executive Officer


Rolls-Royce Takes Davies on Board

Alan Davies is currently Chief Executive of Rio Tintos Diamonds and Minerals division

  Rolls-Royce appointed Alan Davies as a Non-Executive Director. He will join the Board with effect from November 1, 2015 and will become a member of the Nominations and Governance Committee, and the Audit Committee.   Alan Davies is currently Chief Executive of Rio Tinto's Diamonds


DSM Dyneema Names President’s Successor

Golnar Motahari Pour (Photo: DSM Dyneema)

Gerard de Reuver has elected to step down as President of DSM Dyneema on August 1, 2015 after five years in the post, the company announced today. He will be succeeded by Golnar Motahari Pour, a German national with extensive global management experience.  


Røkke is CEO of Akastor ASA

Kristian Rokke

Akastor ASA announced that its Board of Directors has appointed Kristian Røkke as its Chief Executive Officer. Mr. Røkke will succeed Frank O. Reite, who will take the position of Chief Financial Officer at Aker ASA. Kristian Røkke


Esben Poulsson, New President for Singapore Shipping Association

Esben Poulsson, SSA President. Photo by Singapore Shipping Association

The Singapore Shipping Association (SSA) has named Asian shipping veteran Esben Poulsson as its new president, succeeding Evergreen’s Patrick Phoon.    “I am honored and humbled to be appointed president of this active and vibrant organization


ABB Wins $85 mln Qatar Order

Outside view of similar 400 kV GIS installation 400kV installation Photo ABB

Substations to support integration of new power and seawater desalination plant ABB, the leading power and automation technology group, has won an order worth around $85 million to provide turnkey substations to help integrate electricity from a new independent water and power plant (IWPP) into


Ceona Gets New CEO

Mark Preece. Photo: Ceona

 Ceona, a London-based SURF contractor with deep-water subsea construction capabilities, has announced that the company's executive vice president commercial and business development, Mark Preece, has been appointed as Chief Executive Officer (CEO).  


Odfjell Board Announces New CEO’s Start Date

Kristian Mørch (Photo: Odfjell)

Odfjell's new president and CEO Kristian Verner Mørch to start August 1, 2015    Kristian Verner Mørch will take up his new position as president and CEO of Odfjell SE from August 1, 2015, the company’s board of directors announced


Head of Greece's Biggest Port Piraeus Resigns

Yiorgos Anomeritis (Photo: Piraeus Port Authority)

The head of Greece's biggest port Piraeus will step down, a statement said on Wednesday, after the port was once more named as a target for privatisation in the country's cash-for-reforms negotiations with international creditors. Chief Executive Yiorgos Anomeritis has headed the port since 2009


Norwegian Hull Club CEO Stepping Down

John Wiik (Photo: Norwegian Hull Club)

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


Executive Changes at Transocean

Jeremy D. Thigpen, President & CEO

  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






 
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