Effective 29th May, 2019, Sai W. Chu joined the Board to fill the vacancy created by the resignation of Richard Paterson.
Paterson, an independent director of Teekay Tankers, has stepped down from the Board to accept an invitation to join the board of Teekay GP LLC, the general partner of Teekay LNG Partners.
Chu, who is an independent director, now also serves as the Chair of the company’s Audit Committee and as a member of the Board’s Conflicts Committee and Governance Committee.
Kim Balle has been appointed CFO of TORM.
He has a background from the financial sector where he most recently held a position as Head of Corporate Banking in Danske Bank.
Balle will take up the position as CFO no later than 1st December, 2019 and will replace Christian Søgaard-Christensen.
Willum Richards hands over chairmanship of the Association of Average Adjusters (AAA) on its 150th anniversary to Richard Cornah after serving his two year stint.
Cornah is chairman of the Richards Hogg Lindley division of London-listed insurance specialist Charles Taylor.
StormGeo has appointed maritime industry heavyweight Carsten Mortensen as Chairman.
He brings more than 30 years of experience, having held leadership positions with AP Møller-Mærsk, NORDEN and most recently as CEO of BW Group.
Mortensen is a strong advocate for the adoption of digital services and sustainable business practices through his Chairmanships of the Danish Shipowners Association and ‘Vækstteam’, an initiative to fuel growth in the maritime industry supported by the Danish Government.