Christian Andersen Leaves Avance Gas

Avance Gas Holding, a Bermuda-based company engaged in the transportation of liquefied petroleum gas, said that announces Christian Andersen will step down as President.

Peder Simonsen (CFO) will serve as interim CEO until a permanent successor is appointed.

"The Board would like to thank Andersen for his significant contribution to the Company since inception," said a press note.

Christian Andersen (born 1960) founded Avance Gas in September 2007 together with Stolt-Nielsen, and was hired as President. Mr. Andersen holds a masters degree in business and marketing from Oslo Business School.

He has 25 years' experience from the industry. He has previously worked as Head of LNG in BW Gas and as founding partner of Amanda LPG Trading.

Avance Gas operates a fleet of 14 modern VLGCs transporting LPG globally. Avance Gas transports LPG from either Middle East Gulf or US Gulf to destinations in Europe, South America, India and Asia.