Odfjell SE Names New CEO
Norwegian shipping firm Odfjell SE has appointed Harald Fotland as its new Chief Executive Officer (CEO). Fotland comes from the position as Odfjell's Chief Operating Officer, and will assume the CEO position on May 6, 2022."We are pleased to have an internal candidate take over the helm at Odfjell. The appointment was made after a process including external and internal candidates. Harald has excelled at leading innovative and transformative projects during his time at the Company.
Odfjell CEO Kristian Mørch to Step Down
Kristian Mørch, CEO of Norway-based shipping group Odfjell, has informed the company's board of directors that he will step down after seven years in the role.The board has initiated a process to identify the next CEO, and Mørch will continue in his current role until his successor is in place. Russell Reynolds Associates in Oslo has been engaged as an advisor in the process.Chair of the board, Laurence Odfjell, said, "Kristian has led Odfjell through seven intense years of transformation.
Norchem Buys Odfjell SE B-shares
Norchem AS in Denmark, in which Laurence Odfjell, Chairman of the Board in Odfjell SE, has a controlling interest, has today acquired 1,121,287 Odfjell B-shares in Odfjell at NOK 18.85 per share, the company reported. Following this transaction, Norchem AS owns 25,966,492 A-shares and 3,536,381 B-shares in Odfjell SE, equivalent to 34% of the total outstanding stock of Odfjell SE.
Odfjell Terminals, Rotterdam, to Step Up Tank Storage Safety
Background: Odfjell is one of the largest terminal operators in the Port of Rotterdam. Over the past years many complaints, mostly relating to safety issues, were made against the company. This resulted in several formal warnings and penalty payments from the local government. On 20 July 2012 the company was ordered to close 5 of its storage tanks due to the lack of cooling- and fire-fighting facilities. Later they had to close another 50 storage tanks due to safety concerns. OTR informs of a meeting between the authorities DCMR Milieudienst Rijnmond (Environmental Protection Agency), Inspectie SZW and the Fire Brigade with the management of Odfjell Terminals Rotterdam (OTR). Laurence Odfjell, Chairman of the Board of Odfjell, was also present.
Norchem AS Acquires Odfjell SE Shares
Norchem AS in Denmark (in which Laurence Odfjell, Chairman of the Board in Odfjell SE, has a controlling interest) has acquired 500.000 Odfjell B-shares at NOK 33 per share. Following this transaction, Norchem AS owns 25,966,492 A-shares and 1,591,176 B-shares in Odfjell SE, equivalent to 31,76% of the total outstanding stock of Odfjell SE.
