Stena Bulk Names New Director of Strategic Planning
Stena Bulk announced the appointment of Arthur L. Regan to the position of Director, Strategic Planning and Tanker Projects for Stena Bulk worldwide. In his position, Regan will focus on expanding the scope and profitability of Stena’s global tanker investments. Regan will take up his new role from offices in Westport, Connecticut, USA.Regan has been the President and Co-Chief Executive Officer of Arlington Tankers Ltd., the position he has held since the company’s inception and successful listing on the New York Stock Exchange through its 2004 initial public offering. Stena was the founder of Arlington Tankers Ltd and remains a shareholder in the company. Under Mr. Regan’s guidance at Arlington, the company grew its market capitalization to over $400m and a fleet of eight modern tanker vessels. As one of the first public shipping companies created with a strategy oriented for income investors, Arlington has distributed some $93m in dividends to shareholders since 2004.