Euronav’s Rodgers to call it a day

Feb 11 2019

One of the more vocal leaders in the tanker sector, Euronav’s Paddy Rodgers is to step down from his role as CEO this year after 18 years in the job.

The company confirmed that it will now commence a recruitment process for a new CEO with Rodgers remaining in his position until a successor is appointed to ensure a smooth transition period.

Rodgers explained, “It has been a real honour and privilege to lead Euronav as CEO. The company has progressed from a family operation with 17 vessels to the largest crude tanker company in the world with 73 vessels, listed on both Euronext and NYSE.

“Having now completed in full the Gener8 merger I wish to pursue other opportunities and believe it is an appropriate time to hand over the baton of leadership

of a strong and best-in-class large crude tanker business.

“I would like to thank all of the staff at Euronav for their dedication, unwavering support and professionalism in my time at the company,” he said.

Carl Steen, Euronav chairman said: “We respect Paddy’s decision to step down after

transforming Euronav under his stewardship. Euronav is in a strong position with sector low leverage, substantial liquidity and operational flexibility to take on the challenges from the tanker market going forward.

“Euronav’s strategy remains unchanged and the board and management team look forward to building on the legacy created by Paddy,” he concluded.

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