IUM's President and CEO Retires After 12 Years

Interocean Ugland Management Corp. (IUM), Vorhees, N.J., announced that William H. Lockwood, Jr., president and CEO, retired from the organization on May 31, 2001. Lockwood, who has served the maritime industry in various capacities for 39 years, had held the top position at IUM since 1989.

Replacing Lockwood is Captain Jorge Aguirre - the organization's current executive vice president and COO. Captain Aguirre, who has been with IUM since 1980, has held numerous operational positions throughout his 16-year sea-going career, and has been executive vice president / COO since 1997.