(6 July 2023)
BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) announces today that Anders Onarheim is stepping down as CEO with effect from 30th September 2023. The Board of Directors has appointed Kristian Sørensen, Deputy CEO and Head of Strategy, to succeed Anders as CEO.
Andreas Sohmen-Pao, Chairman of the Board of BW LPG, says: “We are very grateful to Anders for his leadership and involvement in the company over the past 12 years. We have benefited tremendously from his experience and insights during his tenure as a non-executive director from 2010 to 2020, and as CEO from 2020 to 2023. We welcome Kristian, who has worked closely with Anders over the past year and will provide a seamless CEO transition.”
Anders commented, “It has been a privilege to lead a great team for the past four years. We have made some important strategic decisions, including our commitment to retrofit the fleet with dual fuel engines, and strengthen our trading operation to enhance our market position. I am confident that Kristian and the team will ensure the company grows and thrives in the years ahead.”
For further information, please contact:
Iver Baatvik
Interim Chief Financial Officer
Head of Investor Relations and Corporate Development
E-mail: iver.baatvik@bwlpg.com
Lisa Lim
Head of Corporate Communications
Tel: +65 9732 9596
E-mail: lisa.lim@bwlpg.com
About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping, experienced employees and an in-house LPG trading division, BW LPG offers an integrated, flexible, and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.
BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
