Odfjell’s Olsen quits

Jan 13 2017

Odfjell has advised that senior vice president, Helge Olsen, stepped down from his role as head of shipmanagement on 9th.January 2017.

Olsen had been with Odfjell since 2000.

In his place, Odfjell has appointed senior vice president of Odfjell Tankers, Harald Fotland, to cover the position as senior vice president shipmanagement until a successor is in place.

“We are grateful for Helge Olsen's hard work and commitment for the last 17 years working for Odfjell,” said CEO Kristian Mørch.

Odfjell has also said that it is contemplating issuing new unsecured bonds in the Norwegian bond market with maturity in January, 2021.

The net proceeds will be used for general corporate purposes, including part refinancing of existing bonds and potential future growth opportunities.

Danske Bank Markets and DNB Markets have been retained as joint lead managers of the contemplated bond issue.

An application will be made for the bonds to be listed on the Oslo Børs.


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