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
'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
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.
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
U.K. shipping and transport group Crescent has unified its ownership structure. As of June 28, 2002, Crescent is wholly owned by the Bahamas-based Clipper Group. "It has been a great challenge to work with Clipper to focus and develop Crescent after its separation from the Hays transport group. It is a good time now for me to move on to new entrepreneurial challenges, and for Crescent to benefit from the backing which only a major group like Clipper can provide," says Hutch Wright
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
Robert D. Somerville, has been elected Chairman of ABS. He replaces Frank J. Iarossi who has stepped down after 14 years at the head of the world’s third largest classification society. The previously announced and carefully planned transition took effect with the approval of Somerville in the post by the ABS Council following the Annual Meeting of the society in New York today. The Council is a 60 person body, representative of the maritime industry
At its meeting on March 7, 2004, Statoil's board of directors appointed Helge Lund (42) as new chief executive for the Statoil group. Mr Lund is currently chief executive of Aker Kværner ASA. "Helge Lund was the first choice of the board and we are very pleased that he has agreed to lead Statoil in the years ahead," said Statoil chair Jannik Lindbæk. Lund graduated as a business economist at the Norwegian School of Economics and Business Administrationin Bergen
W&O, supplier of marine valves, pipe, fittings, engineered products and valve automation systems, announced that Michael Hume has been appointed President and CEO of W&O. He has been serving as the company’s Chief Operating Officer since 2009. Jack Guidry, former president and CEO of W&O, has been promoted to Senior Vice President of Pon and CEO of PVI, one of Pon’s American holding companies, which owns W&O, DMC-Carter Chambers and AT Controls
Leaders representing their governments and the international energy community will come together later this year to tackle key challenges and examine the role for gas in the future energy mix at Gastech 2012, to be held October 8-11, 2012, in London. The Gastech 2012 Conference Program will highlight the major issues defining what has been termed the ‘Golden Age for Gas,’ with key technical and commercial sessions.
Leadership transition plan to maintain continuity of strategy and operations Robert D. Somerville, long serving Chairman of leading classification society ABS, has announced his retirement effective April 30, 2013. Under a carefully planned, two year long, leadership transition strategy
Mark Preece is to step down as CEO of the Reef Subsea Group by mutual agreement. The board has acknowledged and thanked Mr. Preece for his efforts in developing and positioning Reef Subsea as a strong subsea contractor in the oil and gas and offshore wind farm sectors.
Transocean Ltd. announced that J. Michael Talbert has advised the Board of Directors that, if reelected at the company's upcoming Annual General Meeting (AGM) on May 17, he will retire from the board no later than the company's 2014 AGM. To facilitate an orderly transition of leadership
David Matsuda, the U.S. Maritime Administrator, announced that he is stepping down. In a statement released by Marad spokesperson Kim Strong, Matsuda's career highlights and accomplishments were also listed. The statement reads as follows:
IMO's recent meeting of the Sub-Committee on Standards of Training and Watchkeeping sets up working groups, held wide-ranging debates The IMO’s Sub-Committee on Standards of Training and Watchkeeping held its 43rd Session at IMO Headquarters on Monday 30 April through Friday 4 May 2012
Effective 1 July 2012, Dr. Michael Haidinger (51) is to be the new member of the Executive Board of Tognum AG responsible for sales. This was decided by the company’s Supervisory Board at its meeting yesterday evening unanimously
Steve Kartsaklis has been working on engines for 25 years. He has stayed on in the industry because making engines work is part of his very being. His passion for the trade and satisfaction in a job well done was what he was looking for in an apprentice he believed would be capable of
America's Bay Shipbuilding Co. vice president and general manager, Gene Caldwell, has left the company for personal reasons. Caldwell’s leave was confirmed by Rachel Krummen, human resources manager for Bay Shipbuilding/Fincantieri in Sturgeon Bay.
DryShips Inc. (NASDAQ: DRYS) a provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of off-shore deepwater drilling services, today announced that Pankaj Khanna, Chief Operating Officer
InterManager members attending this year’s Annual General Meeting on Thursday (October 11) will thank retiring President Alastair Evitt for his work at the helm of the association over the past two years. During his Presidency Mr Evitt has represented InterManager on the world
ABB announce that Michel Demaré is to leave & will become Chairman of the Board of Syngenta beginning in April 2013. Demaré , 56, joined ABB in 2005 as Chief Financial Officer and acted as interim CEO for part of 2008. In addition
Dr. George Campbell Jr. named Chairman of Webb’s Board of Trustees R. Keith Michel, Chairman of the Board of the Herbert Engineering Group of Companies, has been appointed President of Webb Institute, the country’s foremost school of Naval Architecture and Marine Engineering
Jaya Holdings Ltd is pleased to announce the appointment of Mr Chong Chow Pin as Chief Financial Officer Designate. Mr Chong will report directly to the Chief Executive Officer and be responsible for financial, treasury and all corporate services
Mr. Lee Kian Soo, Executive Chairman of the Company, steps down to be replaced by Mr. Koh Poh Tiong. Ezra is a leading offshore contractor and provider of integrated offshore solutions in the offshore oil and gas industry. The wide range of services that Ezra offers includes subsea
U.S. Transportation Secretary LaHood Announces That He Will Not Serve for a Second Term. Secretary Ray LaHood has announced to the employees of the U.S. Department of Transportation that after serving for four years in President Obama’s Cabinet