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 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.
'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
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
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
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.
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
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
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
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
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
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.
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
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.
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
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
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
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
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).
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