STOCK TITAN

GasLog Ltd. Announces Chief Executive Officer Transition

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

GasLog Ltd. announced the retirement of its CEO, Paul Wogan, effective March 9, 2022. Wogan will assist in a smooth transition until June 30, 2022. The board has appointed Paolo Enoizi, currently COO and CEO of GasLog Partners, as the new CEO starting March 10, 2022. Chairman Peter Livanos thanked Wogan for his decade of leadership that positioned GasLog among the top LNG shipping companies. Enoizi's previous experience suggests a promising future for the company.

Positive
  • Appointment of Paolo Enoizi as the new CEO may provide continuity and stability.
  • Company recognized for its growth under Paul Wogan's leadership over the past decade.
Negative
  • None.

Hamilton, Bermuda, Jan. 11, 2022 (GLOBE NEWSWIRE) -- GasLog Ltd., (“GasLog” or the “Company”) today announced that Paul Wogan, Chief Executive Officer (“CEO”) of GasLog, has informed the board of directors of GasLog (the “Board”) that he intends to retire from his role as CEO effective March 9, 2022. He will remain, in an advisory role until June 30, 2022 to ensure a smooth transition. The Board is pleased to appoint Paolo Enoizi, currently Chief Operating Officer (“COO”) of the Company as well as CEO of GasLog Partners LP (“GasLog Partners”), as CEO of GasLog Ltd effective March 10, 2022.

Peter Livanos, Chairman of GasLog, said, “Under Paul’s outstanding leadership over the last 10 years, GasLog has grown and developed to become one of the world’s leading LNG shipping companies. I would like to express our sincere thanks to Paul for all his hard work and dedication to GasLog and wish him all the best in his retirement.

I am very pleased that Paolo has agreed to take over the CEO role from Paul. Paolo has been GasLog’s COO since April 2019 and has been CEO of GasLog Partners since August 2021. I have every confidence that Paolo will meet and exceed our expectations, and I am looking forward to working closely with him as he evolves the Company in the years to come.”

Contacts:

Joseph Nelson
Head of Investor Relations
Phone: +1 212-223-0643

Email: ir@gaslogltd.com

About GasLog 

GasLog is an international owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. GasLog’s consolidated fleet consists of 39 LNG carriers (35 on the water plus 4 under construction). Of these vessels, 20 are owned by GasLog, four have been sold and leased back by GasLog under long-term bareboat charters and of the remaining 15 LNG carriers, 14 are owned by the Company’s subsidiary, GasLog Partners LP and one has been sold and leased back by GasLog Partners LP.


FAQ

Who will succeed Paul Wogan as CEO of GasLog?

Paolo Enoizi will take over as CEO of GasLog effective March 10, 2022.

When did Paul Wogan announce his retirement from GasLog?

Paul Wogan announced his retirement on January 11, 2022.

What is the role of Paolo Enoizi at GasLog?

Paolo Enoizi is currently the Chief Operating Officer and CEO of GasLog Partners LP.

How long will Paul Wogan assist GasLog after his retirement?

Paul Wogan will assist in an advisory role until June 30, 2022.

What has been GasLog's growth focus under Paul Wogan?

GasLog has become one of the world’s leading LNG shipping companies under Paul Wogan's leadership.

GLOP

NYSE:GLOP

GLOP Rankings

GLOP Latest News

GLOP Stock Data

282.89M
Pipeline Transportation of Refined Petroleum Products
Transportation and Warehousing
Link
Greece
69 Akti Miaouli