GOGL – Changes to the Board composition

Rhea-AI Summary

Golden Ocean Group Limited (GOGL) announced the resignation of Marius Hermansen as a Director, effective March 15, 2021. He served since September 2019. The Board expressed gratitude for his contributions. Mr. Bjørn Tore Larsen, who founded and chairs the OSM Maritime Group, will assume the directorship. Larsen also leads ADS Maritime Holdings Plc and OSM Aviation, bringing extensive maritime and aviation experience to the role. This change in leadership reflects GOGL's commitment to strategic growth and operational excellence.

Positive

• Bjørn Tore Larsen brings extensive experience from his roles in leading maritime and aviation companies.
• Leadership change may enhance strategic direction and operational efficiency.

Negative

• None.

 

March 15, 2021 – Hamilton, Bermuda

Golden Ocean Group Limited Ltd (“GOGL” or “the Company”) announces that Marius Hermansen has resigned as a Director of the Company.

Mr. Hermansen has served as a Director since September 2019.

The Board would like to thank Mr. Hermansen for his contribution and wishes him well in his future pursuits.

The Board is pleased to announce that Mr. Bjørn Tore Larsen will replace Mr. Hermansen.

Mr. Larsen is currently the Chairman of the OSM Maritime Group, a world-leading ship management company which he founded in 1989. Mr. Larsen is also the Chairman of ADS Maritime Holdings Plc a shipping investment company established in 2018 and listed on the Euronext Growth Oslo Stock Exchange. Mr. Larsen also chairs OSM Aviation, a service provider to the airline industry launched in 2013.

For further information, please contact:

Ulrik Uhrenfeldt Andersen, CEO of Golden Ocean Management AS

Telephone: +47 22 01 73 53

This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act or the Continuing Obligations of Oslo Børs.

 

FAQ

Who is the new Director of Golden Ocean Group Limited as of March 2021?

Bjørn Tore Larsen has been appointed as the new Director.

What position did Marius Hermansen hold in Golden Ocean Group?

Marius Hermansen served as a Director since September 2019.

What was the reason for Marius Hermansen's resignation from GOGL?

The press release does not specify a reason for Marius Hermansen's resignation.

When did Marius Hermansen resign from Golden Ocean Group Limited?

Marius Hermansen resigned on March 15, 2021.

What experience does Bjørn Tore Larsen have in the maritime industry?

Bjørn Tore Larsen is the founder and Chairman of OSM Maritime Group and has significant experience in the industry.