FRO - Appointment of new CEO
(Thomson Reuters ONE) -
The Board of Frontline Ltd. ("Frontline" or the "Company") announces that Mr.
Robert Hvide Macleod has been engaged as the new Chief Executive Officer ("CEO")
for Frontline Management AS. Mr. Macleod is currently the managing director and
owner of Highlander Tankers AS and will join Frontline on November 3rd.
Mr. Macleod was employed by the AP Moller Group from 2002 to 2004 and Glencore-
ST Shipping from 2004 to 2011. Mr Macleod holds a Maritime Business (Hons)
degree from Plymouth University. He is a Norwegian citizen, 35 years old and
resides in Oslo, Norway.
The current CEO of Frontline, Jens Martin Jensen has accepted a position where
he will be in charge of the Sale & Purchase, Newbuilding and other maritime
related projects of the Group. Mr Jensen was elected to the board of Frontline
Ltd in September, 2014.
The Chairman of Frontline, Mr. John Fredriksen, has expressed the following:
"Through the engagement of Robert Hvide Macleod we have gained a talented
individual with in-depth knowledge of both shipping and oil trading. Combined
with his outstanding network throughout the tanker industry, we believe this
will ensure that the Company remains the driving force in the industry. With
Jens Martin Jensen's continuation with the Group and his extensive experience
and knowledge I am confident this will continue to help drive the Company
forward".
October 20, 2014
The Board of Directors
Frontline Ltd.
Hamilton, Bermuda
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Frontline Ltd. via GlobeNewswire
[HUG#1864135]
Unternehmensinformation / Kurzprofil:
Datum: 20.10.2014 - 13:41 Uhr
Sprache: Deutsch
News-ID 345293
Anzahl Zeichen: 2358
contact information:
Town:
Hamilton
Kategorie:
Business News
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