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J. Erik Hvide Steps Down

Maritime Activity Reports, Inc.

June 4, 1999

J. Erik Hvide Steps Down Hvide Marine named Jean Fitzgerald chairman, president and chief executive officer, replacing J. Erik Hvide, who resigned for personal reasons. Hvide will remain a member of the board of directors, the company said. Fitzgerald, 73, has been a director of the company since 1994. He will take up his position immediately, it said. Hvide, 50, steps down from active duty after 29 years of service with the company, which was founded by his father, Hans Hvide, in 1958.

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