Tuesday, December 9, 2014

Odfjell director goes on day – E24

Odfjell director goes on day – E24

Due to differing views on the company’s strategic development, the Board of Odfjell and CEO Jan A. Hammer been agreed that he will step down with immediate effect.

– It is not dramatic, but sad. We agreed that we disagree and then it becomes natural with his departure, says Chairman of Odfjell, Larurence W. Odfjell, E24.

What the phrase “different views on the company’s strategic development “does not want to go Odfjell elaboration.

– Jobs with strategy

– This is not a statement about strategy, we working with a number of different processes and opportunities in several places in the world, and we must make these finished and make a final decision there before we can say anything more about the strategic development, says Odfjell.

Hammer has been CEO since 2008, but has worked in the company since 1985.

– There is thus a fantastic career, he started on the floor and worked look up to the top of the company. It is with a certain sadness that we came to the conclusion that we were so disagreed, says Odfjell.

The Board has until further appointed Tore Jakobsen as new CEO. Jakobsen has been the company’s management team since 2005 as Senior Vice President, Corporate Investments.

Head of transition period

Jakobsen However 63 years and has signaled that he will go with pension when he turns 65 years.

– We now have 18 months for us to find good successor, Jakobsen is prepared to lead the company and contribute to a good succession

Odfjell runs in shipping and operation of tank terminals are located worldwide. The company is headquartered in Bergen. The company has a fleet of around 90 chemical tankers.

Lose money

Salutation on the company’s third quarter report was “Improving but still not durable. “

The company has ongoing process where they will identify cost reductions and increase profitability.

The company had a turnover in the third quarter of $ 267 million and but a loss of 9 million dollars in the quarter. For the first nine months, the deficit of 57 million dollars.

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