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Steps Down News

22 Feb 2024

Fleet Management Managing Director Rajvanshy Steps Down

Kishore Rajvanshy (Photo: Fleet Management Limited)

Dr. Kishore Rajvanshy is stepping down after three decades as managing director of Fleet Management Limited (FLEET), currently the world’s largest third-party ship management company.FLEET announced it has begun implementing a phased succession plan as Rajvanshy transitions from his current role, with a global search for a new managing director underway.As part of this transition, Angad Banga, the chief operating officer of FLEET’s parent company, The Caravel Group, will co-lead FLEET with Rajvanshy – where Rajvanshy will continue to manage the technical…

01 Jun 2023

Golden Ocean CEO Steps Down. Interim CEO Appointed

Dry bulk shipowner Golden Ocean Group Limited has informed that Ulrik Andersen, Chief Executive Officer of Golden Ocean Management AS, has decided to step down from his position. The Board has appointed Lars-Christian Svensen, Golden Ocean’s Chief Commercial Officer, to take the role as Interim Chief Executive Officer of Golden Ocean Management AS. "Lars-Christian has a solid background within the industry and a profound understanding of the Company and its organization. The Board is confident that this new appointment will ensure a successful and seamless transition of the role. Mr. Andersen will be available for the company till September 1st, 2023," Golden Ocean said."I would like to thank Ulrik for his contribution to Golden Ocean.

16 May 2023

Euronav CEO Hugo De Stoop Steps Down

Hugo De Stoop (Photo: Euronav)

Belgian tanker operator Euronav announced Tuesday that its CEO Hugo De Stoop is stepping down after nearly two decades with the company, including four years as CEO.Euronav said its CFO Lieve Logghe will serve as interim CEO as the company searches for a new CEO. Lieve, who joined the group in 2020, will also continue in her role as CFO.De Stoop will remain available to Euronav as a senior advisor until his permanent successor is appointed, the company said.De Stoop joined Euronav…

29 Mar 2023

Lancer Container Lines CEO Steps Down After 10 Years

Narayanan Kutty Parekattil - Credit: Lancer Container Lines

India-based Lancer Container Lines said Wednesday that its CEO Narayanan Kutty Parekattil has decided to resign, effective from April 1, 2023.He has served ten years in Lancer Container Lines Limited. The company also shared the CEO's resignation letter in which he explained he was submitting the letter and expressing his intent to "take voluntarily retirement from the services with effect from 1st April 2023 due to the health problems of self & my wife.""This was not an easy decision to come to, but it's time to spend more time with my family.

24 Mar 2023

Maersk Tankers CCO Eva Birgitte Bisgaard Steps Down

Eva Birgitte Bisgaard (Photo: Maersk Tankers)

Danish shipping company Maersk Tankers announced its chief commercial officer Eva Birgitte Bisgaard is stepping down effect immediately.Christian M. Ingerslev, chief executive officer of Maersk Tankers, takes over responsibility for the company’s sales and services in addition to his duties as chief executive officer“Under Eva Birgitte’s leadership, partners’ satisfaction with our services increased significantly. In particular, in a disrupted tanker market, we have maintained…

21 Mar 2023

Oldendorff Carriers' Longtime CEO Peter Twiss Steps Down

(Photo: Oldendorff Carriers)

Peter Twiss, the longtime president and CEO at German shipowner Oldendorff Carriers, has decided to step down after nearly 28 years with the company. Twiss is succeeded by longtime employee Patrick Hutchins.Twiss’ career started at Concept Carriers in 1995, a start-up company which was established by owner Henning Oldendorff as an operating arm, with the aim of moving closer to the cargo clients. Twiss quickly rose through the ranks, and after running Concept Carriers in the late 90s and being co-CEO of Oldendorff Carriers…

21 Nov 2022

Inchcape CEO Frank Olsen Steps Down

Frank Olsen (Photo: Inchcape Shipping Services)

Frank Olsen has stepped down as CEO of British multinational ports and marine management company Inchcape Shipping Services (ISS) effective November 30, 2022, the company announced on Friday.ISS said it has appointed a new CEO, Philippe Maezelle who joins December 1, 2022. Maezelle is an international business leader with strong executive transformation experience across the professional services industries. His previous experience includes CEO of Alfred H Knight, Executive Member at International SOS and DHL.Olsen…

16 Oct 2023

Hydrogen as Fuel: Possibilities, But…

Sea Change (Photo: All American Marine)

Hydrogen is everywhere. You know that from high school chemistry. And you also know it from Marine News’ almost daily updates about H powered vessel projects around the world.As a fuel that could potentially replace fossil fuels, H is in the spotlight. Perhaps the brightest spotlight, at least in the U.S., is within the Department of Energy’s “Energy Earthshots” initiative.R&D on H was the first such Earthshot announced last year. DOE wants the “Hydrogen Shot” program to “accelerate…

23 Jun 2022

Emanuele Grimaldi Appointed ICS Chairman

From left: Emanuele Grimaldi and Esben Poulsson (Photo: ICS)

The board of the International Chamber of Shipping (ICS), representing 80% of the world’s merchant fleet, on Wednesday appointed Emanuele Grimaldi, President and Managing Director of Grimaldi Euromed SpA, as Chairman of the Board.Grimaldi, a former president of both Confitarma and European Community Shipowners Association (ECSA), was formally voted in as chair by the ICS Board of Directors, following the announcement of his nomination last year. Alongside ICS Secretary General…

07 Dec 2021

Maine Maritime Academy Names Paul as President

Jerald S. “Jerry” Paul  (Photo: Maine Maritime Academy)

Maine Maritime Academy’s Board of Trustees announced that Jerald S. “Jerry” Paul has been named as the college’s 15th President. Paul, current President of Capitol Access and a 1989 graduate of the institution, will take office this spring.Paul will succeed President William J. Brennan, who steps down from the position at the end of April following 12 years of transformative leadership at MMA. “I am gratified that the Board has selected such a fine individual to lead this wonderful college when I step down next spring,” says President Brennan.

14 Oct 2021

WISTA International Elects New Board members

(Photo: WISTA)

The Women’s International Shipping and Trading Association (WISTA) executive committee held its election for three executive positions during their International AGM on October 13. The AGM was hosted in Hamburg alongside a conference that is taking place today and Friday.Connie Roozen, WISTA Netherlands, retains her position as treasurer for another term, whilst two new members were elected as Executive Committee members, Sofia Fu¨rstenberg Stott, WISTA Sweden and Nazli Selek…

27 Sep 2021

Harland & Wolff: Non-exec Chairman Steps Down

Credit: kilhan/AdobeStock

Harland & Wolff Group said Monday that Clive Richardson, Non-Executive Chairman of the company was stepping down from the Board. His notice period will run until mid-December 2021.Harland & Wolff Group said: "The company remains involved in advanced large complex bids and negotiations for multiple projects for financial year 2022 and beyond. Given the volume of work and related time investment required of the management team and of the broader Board of Directors over a prolonged period to bring these contracts to fruition, Mr.

01 Sep 2021

Gasum CEO Lamminen Steps Down

(Photo: Gasum)

Gasum is searching for a new CEO to replace Johanna Lamminen, who has resigned. The company's board of directors has appointed Kai Laitinen, Gasum's current CFO, as interim CEO until a successor is in place.“Together with the entire staff, we have traveled an amazing journey. We have built a Nordic energy company that provides clean energy to industry, shipping and transport, not to forget the biogas market and the circular economy. The company has a clear goal. The work is done…

08 Mar 2021

Wallenius Wilhelmsen CEO Craig Jasienski Steps Down

Craig Jasienski (Photo: Wallenius Wilhelmsen)

Norwegian/Swedish shipping company Wallenius Wilhelmsen announced its CEO, Craig Jasienski, has stepped down from his role and left the company effective March 8.The car carrier operator said its current CFO, Torbjørn Wist, will assume the role of acting CEO while it works to find a replacement for Jasienski, a 30-year Wallenius Wilhelmsen employee.Wist joined Wallenius Wilhelmsen as EVP and CFO on October 1, 2020. He has previously served as EVP & CFO in Scandinavian Airlines…

04 Feb 2021

North P&I Club Names Arklow Shipping's Tyrrell as Chair

James Tyrrell (left), newly-elected as chair of North P&I Club, pictured with Paul Jennings, North chief executive (Photo: North P&I Club)

North P&I Club has elected James Alexander Tyrrell as its new chair of the board, succeeding Pratap Shirke, in a change at the helm of the global marine insurer that also sees Ioanna Procopiou become the Club’s first female vice-chair.Tyrrell, a director of North member Arklow Shipping, takes up the role from February 4, having previously served as vice-chair of the North board. The formal announcement follows full approval by the Prudential Regulation Authority, which supervises around 1…

04 Dec 2020

Glencore Boss Glasenberg Steps Down, Nagle Named CEO

(Photo: Glencore)

Glencore boss Ivan Glasenberg is to step down next year and Gary Nagle, head of coal assets at the mining and trading group, will become the new CEO.Glasenberg's departure will mark a shift to a new, younger leadership for the business, which, along with other mining companies, has faced increasing pressure from investors to cut carbon emissions.Glasenberg, 63, has been chief executive since 2002 and investors have been expecting a succession plan after several senior members…

12 Oct 2020

Golar Unit Names New Boss as Former CEO Steps Down Amid Bribery Probe in Brazil

Golar LNG said on Monday Hygo Energy Transition Ltd, a joint venture between Golar and U.S. private equity firm Stonepeak Infrastructure Partners, has appointed Paul Hanrahan as chief executive officer after Eduardo Antonello stepped down, following a corruption investigation in Brazil.Antonello has been accused by Brazilian federal prosecutors of bribery in a massive Car Wash corruption probe that in six years has led to the jailing of two former Brazilian presidents and hundreds of executives and politicians, with Brazilian and Dutch police executing dozens of search warrants.Operation Car Wash: Seadrill Served with Search and Seizure…

07 Oct 2020

Frontline CEO Macleod Steps Down

Oil tanker company Frontline said Wednesday its CEO Robert Hvide Macleod had decided step down from his position. The oil and gas shipping firm said its board had appointed Lars H. Barstad, Frontline's commercial director, to take the role as interim chief executive officer of Frontline Management AS."With his solid background within the industry and his profound understanding of the company and its organization the board is confident that this new appointment will ensure a successful and seamless transition of the role," Frontline said.The outgoing CEO Macleod will be available for Frontline until April 30, 2021.Billionaire shipping magnate and Frontline chairman John Fredriksen said, "I would like to thank Robert for his contribution to Frontline.

13 Mar 2020

Japanese Wind Fans Bank Interest

Domestic and international lenders are vying for a slice of Japan’s nascent offshore wind power sector, which is expected to provide as much as ¥3trn (US$29bn) in project financing opportunities, albeit at very low margins.Akita Offshore Wind completed the nation’s first fundraising for a major offshore wind project last month, raising ¥80bn to build wind turbines near two ports in western Japan.Auctions for sites off Japan's shores are due to kick off in April, and lenders are…

30 Oct 2019

Oilfield Services Firms Moving Beyond Oil

Heavyweight oilfield service providers like Saipem and Baker Hughes are moving past just oil and gas projects and embracing more renewable energy projects going forward.In 2014, non-upstream oil and gas activities accounted for 22% of revenues among service suppliers. This share grew to 27% in 2018.According to Rystad Energy, the trend to accelerate in the next decade.“If pure-play contractors within drilling, well services and seismic – which don’t have much to offer outside the upstream oil and gas industry – are removed from the equation, activities outside of upstream accounted for nearly 30% of last year’s revenues,” says Audun Martinsen…

23 May 2019

N-Sea Names New Chief Executive

Arno van Poppel (Photo: N-Sea)

N-Sea Holding announced Thursday it has appointed Arno van Poppel as Chief Executive of the Netherlands based subsea inspection, maintenance and repair (IMR) services provider.van Poppel succeeds Gerard Keser, who steps down from his current role after eight years with the company to take up a position on the company’s advisory board.With a solid track record in the marine contracting environment, van Poppel has contributed to the growth and transformation of companies such as Fabricom and Boskalis Subsea Cables & Flexibles (formally VBMS)…

03 Apr 2019

Maersk Vice CEO Steps Down After Energy Exit

Danish conglomerate A.P. Moller – Maersk informed that Claus V. Hemmingsen steps down as Vice CEO of the group. The company's energy division, which was headed by him, will also be shut down."The Energy division will close down latest by the end of June 2019, and Claus Hemmingsen will subsequently leave A.P. Moller – Maersk,  after nearly 40 years in service," said a company statement.The Group has successfully concluded the separation of Maersk Tankers, Maersk Oil and Maersk Drilling as part of the transformation initiated in 2016 to focus A.P. Moller – Maersk on becoming the global integrator of container logistics.The Board of Directors acknowledges Claus Hemmingsen’s dedicated and significant contribution to A.P.

05 Mar 2019

DFDS CEO Steps Down

Danish international shipping and logistics company DFDS said that Niels Smedegaard, longtime CEO, will step down by the end of April. Current CFO Torben Carlsen will take over as new CEO.In close partnership with Niels Smedegaard, Torben Carlsen has been in-strumental in making DFDS a larger, stronger and more profitable company and will thus contribute to ensuring continuity in the development and op-eration of the company.Niels Smedegaard has been CEO of DFDS since 1 January 2007.Niels said: “My time at DFDS has been a fantastic journey, and I am proud of the progress that has been made for the company and its employees, cus-tomers and shareholders since I joined.