GasLog Ltd. Announces Changes in Senior Management
08 Janvier 2013 - 2:45PM
Business Wire
GasLog Ltd. ("GasLog" and the "Company") (NYSE:GLOG)
today announced that the Board has appointed Paul Wogan as Chief
Executive Officer. Mr. Wogan joined GasLog in February 2012 as
Chief Strategy Officer and will now take over the day to day
running of the Company from Peter G. Livanos who has served as both
Chairman and CEO since the company’s IPO in April 2012. Mr. Livanos
will continue in the role of Executive Chairman. In addition, the
Board has appointed Simon Crowe as Chief Financial Officer as of
April 1, 2013 and Graham Westgarth as Executive Vice President
Operations and Strategy as of January 14, 2013. As part of the
change in Senior Management, Philip Radziwill has stepped back from
his executive position in the Company but will maintain his support
of the Management through his position on the Board of GasLog. Both
Peter G. Livanos and Philip Radziwill will continue to play a key
role in guiding the strategy of the Company in the coming
years.
Paul Wogan has 26 years’ experience in the shipping industry
with many of those years spent leading large global shipping
businesses. From 2004 to 2008 he was President of Teekay Tanker
Services, which, with a fleet of 130 ships, was the largest
commercial business unit of Teekay Shipping, a New York Stock
Exchange listed company and one of the world’s largest tanker
shipping companies. Prior to that he was CEO of Seachem Tankers,
the world’s third largest chemical tanker company. In 2000 he was
instrumental in arranging and executing the merger of Seachem with
Odfjell ASA, forming the world’s largest chemical tanker and
logistics company. Odfjell is listed on the Norwegian stock
exchange. In 2008 he co-founded Sure Wind Marine Ltd. a company,
which provides marine services to the offshore wind farm
industry.
"We are delighted that Paul Wogan has accepted the role of CEO"
said Peter G. Livanos. "His overall depth of business experience
and strong background in the specialty shipping and tanker industry
is a huge asset to the GasLog team."
"This is a very exciting time for the Company and I am extremely
honored to be leading the team through this next phase of growth"
said Paul Wogan.
The newly appointed CFO, Simon Crowe, joins GasLog from Subsea
7, an engineering, construction and services contractor to the
offshore energy industry, where he served as CFO from 2009 until
July 2012. Until he takes over the role of CFO in April Simon will
work alongside the current CFO, Henrik Bjerregaard, to ensure a
smooth transition. Subsea 7 is a global business, listed on the
Norwegian Stock Exchange that employs 12,000 people and operates in
over 15 countries. In 2010 to 2011 alongside the CEO, he
successfully led the Acergy/Subsea 7 merger and oversaw the
post-merger integration. Previously, he was with Transocean Ltd.
the world’s largest offshore drilling contractor, most recently as
VP Strategy and Planning and prior to that as Finance Director for
Transocean’s Europe and Africa operations. Simon is a member of the
Chartered Institute of Management Accountants. Henrik Bjerregaard,
who has served as the Company's CFO since November 1, 2007, will
continue to serve in such capacity until April 1, 2013.
Peter G. Livanos said, "I would like to thank Henrik for his
contribution to the Company's growth over the last five years
culminating in the Company's public listing last year. We wish
Henrik all the best of success in the future. At the same time we
are delighted that Simon Crowe has accepted the role of CFO. His
extensive capital market experience will be of great benefit to the
Company in its next stage of its evolution."
The newly appointed Executive Vice President, Operations and
Strategy, Graham Westgarth joins GasLog from Teekay Shipping where
he has been a member of the Teekay Senior Leadership team since
February 1999. Most recently he was EVP of Innovation, Technology
and Projects, which included commercial and operational
responsibility for a number of FSO’s. From 2001 to 2010 he served
as President, Teekay Marine Services with responsibility for 5,000
sea and shore staff and the technical management of 200 vessels.
During this period he also spent a year as CEO of Teekay Petrojarl
following its acquisition. Prior to Teekay, he was at Mærsk Company
Limited from 1987 to 1999, the last 5 years of which were as
General Manager of the Maersk UK flag fleet. Graham is the current
Chairman of INTERTANKO, an industry organisation, which represents
80% of the world’s independent tanker owners and operators.
"We are extremely excited that Graham has agreed to join us"
said Livanos. "Graham has extensive experience in growing and
developing the operational capability of shipping businesses and
this will serve us well as we enter a period of rapid expansion for
our owned fleet.
Conference Call
GasLog will host a conference call at 11 a.m. Eastern Time (4
p.m. London Time) on Tuesday, January 8, 2013 to discuss the
changes in Senior Management. The dial-in number is +1 646 254 3388
(New York, NY) and +44 207136 6283 (London, UK), passcode is
8274233. A live webcast of the conference call will also be
available on the investor relations page of GasLog’s website at
http://www.gaslogltd.com/investor-relations.
For those unable to participate in the conference call, a replay
will be available from 3 p.m. Eastern Time (8 p.m. London Time) on
January 8, 2013 until 11 p.m. Eastern Time on January 15, 2013 (4
a.m. London Time). The replay dial-in number is +1 347 366 9565
(New York) and +44 203 427 0598 (London). The replay passcode is
8274233.
About GasLog Ltd.
GasLog is an international owner, operator and manager of LNG
carriers. GasLog’s fleet consists of 10 wholly-owned LNG carriers,
including two ships delivered in 2010 and eight LNG carriers on
order. In addition, GasLog currently has 12 LNG carriers operating
under its technical management for third parties. GasLog’s
principal executive offices are at Gildo Pastor Center, 7 Rue du
Gabian, MC 98000, Monaco. GasLog’s website
is http://www.gaslogltd.com.
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