Odfjell SE: Kristian Mørch to step down as CEO
After seven years at the helm of Odfjell SE, Kristian Mørch has informed the Board of Directors that he will step down as CEO. He will continue in his current role until his successor is in place. The Board has initiated a process to identify the next CEO of the Company.
The Chair of the Board, Laurence Odfjell, comments:
"Kristian has led Odfjell through seven intense years of transformation. Under his leadership, Odfjell has made significant progress and as a company, we are in a much better place today than we were in 2015. The Board would like to express our gratitude for his contributions over these years, and we value his commitment to ensuring an orderly process to find his successor."
Kristian Mørch comments that "it has been a privilege to lead the highly professional and dedicated Odfjell team during the past seven years, and I am proud of what we have achieved during this turnaround period. Odfjell is today standing on a very strong competitive platform and is well-positioned to take advantage of the opportunities ahead of us, so it is now the right time for the company to identify who will be leading Odfjell into the future."
The Board of Directors has engaged Russell Reynolds Associates in Oslo as an advisor in the process.
Contacts:
Laurence Odfjell, Chair
Email: media@odfjell.com
Kristian Mørch, CEO
Phone +47 476 88 476
Email: kristian.morch@odfjell.com
The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids. The Odfjell fleet comprises of approx. 90 ships, which trade both globally and regionally. The tank terminal division consists of five tank terminals and is part of a network of another 11 tank terminals partly owned by related parties. The tank terminals are strategically located at selected international shipping hubs. The Odfjell Group’s headquarters are in Bergen, Norway, and the Group has offices in 14 locations around the world. Odfjell employs around 2300 staff and posted annual gross revenue of USD 939 million in 2020. Read more on Odfjell.com.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
