On 22 July 2014, the Board of Directors of Euronav NV unanimously appointed Peter G. Livanos as Chairman of the Board, with immediate effect in replacement of Marc Saverys who was appointed Vice Chairman of the Board of Directors.
Saverys said, “I am pleased to step down after one of the busiest times the company had in its history and give the chairmanship to Peter for a period that promises to be very exciting, as the expected tanker shipping markets recovery seems in sight. Peter and Euronav can continue to count on my full support going forward.”
Peter G. Livanos said, “I am delighted to be able take over the chairmanship of Euronav from Marc and hope that my extensive business experience in the shipping markets will allow me to guide our management team as they seek to enhance value to our shareholders through the next cycle of the tanker industry. During Marc’s tenure as Chairman of the company, we successfully navigated through the world financial crisis and global recession. I am very conscious of continuing this successful stewardship of the company as we move into what looks to be an exciting period in shipping industry.”