Company Board Of Directors News

Manson Construction Co. (Manson) announced that James (Jim) McNally, previously Manson’s Executive Vice President and Chief Operating Officer (COO), has assumed the role of President and CEO as of March 3, 2025.“The Board of Directors unanimously approves of Mr. McNally taking the reins of Manson due to his excellent performance as COO and his long-time industry experience,” announces Frederick Paup, Manson Chairman of the Board. “He is indeed wicked smart, which any Rhode Islander understands is the highest of compliments.”Since becoming COO in 2016, Mr.

Product and chemical tanker shipping company Ardmore Shipping Corporation on Monday announced that its current senior vice president and chief commercial officer Gernot Ruppelt will succeed company founder Anthony Gurnee as CEO.Gurnee will retire on September 16, 2024, at which point Ruppelt will step into the CEO position and current CFO Bart Kelleher will take on the additional role of president. Ruppelt will maintain responsibility for Ardmore's commercial platform, and Kelleher will maintain his role as CFO until successors are named for the positions.

Tidewater has appointed Dick H. Fagerstal non-executive Chairman of the Board.In addition, the Board has reduced the size of the Board from nine to eight members.Fagerstal stated, “I am honored to assume the role of Chairman of the Board of Tidewater at such an exciting time for our industry. I believe the company is well positioned to capitalize on the increasing global offshore activity with recently closed (and pending) additions to its fleet of offshore vessels.“Having been…

U.S.-based Tidewater, one of the world's largest owners of offshore support vessels, announced Thursday that Larry T. Rigdon has chosen not to stand for reelection as non-executive chairman and will retire from the board at the company's annual stockholders meeting on June 26, 2023.Rigdon has served as a member of the company's board of directors since July 2017, and as non-executive chairman of the board since October 2019.Dick H. Fagerstal, Tidewater's lead independent director…

U.S. offshore wind developer Mayflower Wind announced Francis Slingsby has assumed the role of chief executive officer, succeeding Michael Brown who will join the company's board of directors.“I am delighted to join Mayflower Wind as we continue to accelerate the transformation to a cleaner energy future,” said Slingsby, who brings over a decade of experience in commercial and business development in the U.S. offshore wind energy sector. “Mayflower Wind has successfully built a leadership position in the offshore wind market…

Chief Executive Bob Chapek introduced Walt Disney Co's first new cruise ship in a decade on Wednesday, the culmination of the first project the former theme parks executive championed to the company's board of directors.The launch of the 4,000-passenger Disney Wish is a bright spot for Chapek, who became Disney's CEO in February 2020 and secured a three-year contract extension on Tuesday following recent controversies that prompted questions about his tenure.It took more than six years to bring the 144…

Norfolk, Va. ship repair yard Colonna’s Shipyard announced a series of senior management promotions along with a revised organizational structure effective July 2022.Jordan Webb, currently Vice President, Contracts, has been promoted to Vice President of Shipyard Operations. Randall Crutchfield, currently Colonna’s Chief Experience Officer and Executive Director of Steel America and Weld America, has been named Vice President of Industrial Operations and Facilities. Chris Marsh…

Kristian Mørch, CEO of Norway-based shipping group Odfjell, has informed the company's board of directors that he will step down after seven years in the role.The board has initiated a process to identify the next CEO, and Mørch will continue in his current role until his successor is in place. Russell Reynolds Associates in Oslo has been engaged as an advisor in the process.Chair of the board, Laurence Odfjell, said, "Kristian has led Odfjell through seven intense years of transformation.

Gasum is searching for a new CEO to replace Johanna Lamminen, who has resigned. The company's board of directors has appointed Kai Laitinen, Gasum's current CFO, as interim CEO until a successor is in place.“Together with the entire staff, we have traveled an amazing journey. We have built a Nordic energy company that provides clean energy to industry, shipping and transport, not to forget the biogas market and the circular economy. The company has a clear goal. The work is done…

TMC Compressors (TMC), an Oslo-based company supplying offshore and marine compressors, has appointed Christian Ness as the company’s new CEO.Christian Ness succeeds Per Kjellin as part of a planned generational change. Kjellin will continue working for TMC as advisor in the company’s business development team. He will also join the company’s board of directors, TMC said."This is a well-run business so my mandate is to manage the excellent foundation that is already in place,…

Scott Theriot has been named president and CEO of Southwest Shipyard L.P., effective August 12, 2020.Theriot takes over from Read Boles who has served as interim president and CEO since February, following the passing of the shipyard's previous president and CEO Martin DeCamp.Boles has returned to his advisory role on the company's board of directors.Theriot has more than 30 years of marine industry and executive leadership experience in vessel new construction and repair in the Gulf Coast region…

United States Department of Justice’s steadfast protection of U.S. waters equates to criminal charges and massive finesThe United States has a long history of holding companies and individuals accountable for violating environmental laws and regulations, including the International Convention for the Prevention of Pollution from Ships (MARPOL). With the 40th anniversary of the passage of the Act to Prevent Pollution from Ships (APPS), which implements MARPOL, United States government agencies continue to prioritize the protection of oceans and waterways from pollution.

Arne Wilhelmsen, a founder of Royal Caribbean Cruises Ltd. died Saturday, April 11, 2020, in Palma, Spain. He was 90.In a company statement on Sunday, Royal Caribbean Cruises called Wilhelmsen a "a constant influence on the company from its founding, serving more than three decades on the company's board of directors."Together with the company's first CEO, the late Edwin Stephan, Wilhelmsen saw possibilities for the nascent cruise industry that others did not, Royal Caribbean Cruises said."At a time when the rest of the world thought cruising was a niche use for old transatlantic liners…

Campbell Transportation Company is promoting Kyle Buese to the role of President, effective January 1, 2020, the Pittsburgh-based inland marine transportation and services company announced on Wednesday.Buese has been the Executive Vice President of Campbell Transportation for the past year. He will replace Mike Monahan who is retiring as President.Monahan, who is stepping down after eight years as Campbell President, will stay on as a member of the company's Board of Directors.Peter Stephaich…

Ardmore Shipping Corporation (NYSE: ASC) (“Ardmore”) has announced the appointment of Dr. Kirsi Tikka to the company’s Board of Directors.Dr. Tikka has over 30 years of shipping experience having recently retired from the American Bureau of Shipping  (“ABS”) in July 2019. She joined ABS in 2001 and held various specialist and leadership positions within ABS including as ABS Executive Vice President Global Marine, Europe Division President, and as Vice President and Chief Engineer, Global.

Monaco-headquartered Scorpio Bulkers completed the sale of the SBI Electra and SBI Flamenco last month.The provider of marine transportation for major bulks said in a press note that it agreed to sell the two 2015 Chinese built Kamsarmax vessels in March 2019, for approximately $48.0 million in aggregate.Scorpio recorded a loss of approximately $7.8 million, including the write-off of deferred financing costs, during the first half of 2019.During the second quarter of 2019, the shipping company's Board of Directors made the decision to sell two Ultramax vessels and as such these vessels were classified as held for sale at June 30, 2019.The…

Global hyperloop pioneer Virgin Hyperloop One elects Sultan Ahmed bin Sulayem as Chairman and Jay Walder as CEO as company leverages new round of funding to begin implementation of hyperloop from Pune to Mumbai.Sultan Ahmed bin Sulayem is the Group Chairman and CEO of DP World. Jay Walder, who is one of the world’s leading mass transportation and technology executives, has been appointed as its new CEO. Walder will also join the company’s Board of Directors.The selection of a new senior management team will allow Virgin Hyperloop One to transition its focus from technology startup to mass transportation company beginning with the implementation of the world’s first hyperloop system running from Pune to Mumbai.

The Satellite Industry Association (SIA) announced that Globalstar is the latest company to join SIA. Globalstar operates a low-earth-orbit (LEO) constellation of satellites and provides mobile satellite voice and data products and service packages to government, industry and consumer customers around the world. The Company’s products include mobile and fixed satellite telephones, the Sat-Fi satellite hotspot, Simplex and Duplex satellite data modems, tracking devices plus its subsidiary SPOT LLC family of consumer satellite products. In September, Globalstar announced the appointments of Dave Kagan to the position of CEO and Jay Monroe to Executive Chairman of the Company’s Board of Directors and earlier this year the Company introduced two new products…

Dorian LPG confirmed that Oslo-based BW LPG BW LPG  has submitted the names of three director candidates to stand for election at Dorian's 2018 Annual General Meeting of Shareholders. Dorian LPG, is a fully-integrated liquefied petroleum gas shipping company and the owner and operator of a large fleet of 22 modern very large gas carriers, has previously received a revised unsolicited proposal from BW LPG to combine with Dorian.Dorian's Board of Directors will review all of BW LPG's actions and respond as appropriate in due course. Dorian shareholders are not required to take any action at this time.John Hadjipateras, Dorian Chairman and CEO…

Energy trader Mercuria Group has agreed to provide a $1 billion trade finance facility to Greece's Aegean Marine Petroleum Network, the marine fuel logistics and supplies company said on Thursday, sending Aegean's stock up more than 150 percent.New York-listed Aegean Marine underwent a major leadership change this year after losses prompted an activist investor revolt to sever ties with the company founder, shipping and oil tycoon Dimitris Melissanidis.Aegean announced a $200 million write-off in early June after a new chairman, Donald Moore, was appointed in May to lead a strategic review.Shares in Aegean were up 127 percent at $1.43 as of 1359 GMT, having risen as high as $1.53.Swiss-based Mercuria will initially inject at least $30 million in cash, Aegean Marine said.Aegean Marine also

Listed bunker company Aegean Marine Petroleum has entered a memorandum of understanding with Mercuria Energy Group for a billion dollar refinancing and strategic partnership, says a company press release. Aegean Chairman and independent director of the Board, Donald Moore, said, “As part of the announced strategic review, the new leadership at Aegean has, in short order, brought forward an opportunity to completely redefine and optimize the Company’s capital structure, enhance near term liquidity and position the Company for a dynamic partnership with one of the world’s largest privately held integrated energy and commodity groups. “We…

International marine fuel logistics company Aegean Marine Petroleum Network (AMPNI) announced that President Jonathan McIlroy will leave the Company, effective November 15, 2018.The marine fuel and lubricants  supplier announced last month  the appointment of Kostas Polydakis to the position of Chief Operating Officer, as well as his qualifications and experience.Polydakis is serving on the Company’s Management Committee, along with the Company’s Chief Financial Officer, and the Company’s Global Director of Supply and Trading. Effective November 15, 2018, Polydakis will assume Mr. McIlroy’s remaining duties, and will continue to serve on the Management Committee.Aegean also announced that David Gallagher has been appointed to the Company’s Board of Directors…

Mercuria Energy Group and Aegean Marine Petroleum and  have signed a Memorandum of Understanding (MoU) making Mercuria the only lender to Aegean. Both are working towards landing a billion dollar credit deal and closer collaboration.Mercuria and Aegean have executed a letter agreement detailing the US$30 million of incremental liquidity Mercuria is providing to the Company by way of amendments and waivers to the Trade Finance Facility and other financing arrangements.With this significant step completed, the two parties intend to begin exploring a broader, global strategic partnership. Pursuant to the MOU, Mercuria will provide US$250 million and US$750 million in revolving credit facilities to finance the U.S.