GOGL – Changes to the Board composition
Golden Ocean Group (GOGL) has announced significant changes to its Board of Directors. The company has appointed Mr. Patrick De Brabandere and Mr. Patrick Molis as new Directors, both bringing extensive maritime and financial industry experience.
Simultaneously, four directors have stepped down: Mr. Ola Lorentzon, Mr. John Fredriksen, Mr. Ben Mills, and Mr. Cato Stonex. The newly composed Board, now consisting of James O'Shaughnessy, Tonesan Amissah, and the two new appointees, plans to initiate discussions with CMB.TECH, GOGL's new reference shareholder.
The Board will explore potential strategic options, including commercial cooperation, operational and technical partnerships, and other business combinations. Importantly, the company has confirmed its intention to maintain its current dividend policy until further notice.
Golden Ocean Group (GOGL) ha annunciato cambiamenti significativi nel suo Consiglio di Amministrazione. L'azienda ha nominato Mr. Patrick De Brabandere e Mr. Patrick Molis come nuovi Direttori, entrambi con una vasta esperienza nel settore marittimo e finanziario.
Contemporaneamente, quattro direttori si sono dimessi: Mr. Ola Lorentzon, Mr. John Fredriksen, Mr. Ben Mills e Mr. Cato Stonex. Il nuovo Consiglio, ora composto da James O'Shaughnessy, Tonesan Amissah e i due nuovi nominati, prevede di avviare discussioni con CMB.TECH, il nuovo azionista di riferimento di GOGL.
Il Consiglio esplorerà potenziali opzioni strategiche, inclusa la cooperazione commerciale, partenariati operativi e tecnici, e altre combinazioni aziendali. È importante notare che l'azienda ha confermato la sua intenzione di mantenere la politica attuale sui dividendi fino a nuovo avviso.
Golden Ocean Group (GOGL) ha anunciado cambios significativos en su Junta Directiva. La empresa ha nombrado a Mr. Patrick De Brabandere y Mr. Patrick Molis como nuevos Directores, ambos con amplia experiencia en la industria marítima y financiera.
Al mismo tiempo, cuatro directores han renunciado: Mr. Ola Lorentzon, Mr. John Fredriksen, Mr. Ben Mills y Mr. Cato Stonex. La nueva Junta, que ahora consiste en James O'Shaughnessy, Tonesan Amissah y los dos nuevos nombramientos, planea iniciar discusiones con CMB.TECH, el nuevo accionista de referencia de GOGL.
La Junta explorará posibles opciones estratégicas, incluyendo cooperación comercial, asociaciones operativas y técnicas, y otras combinaciones empresariales. Es importante destacar que la empresa ha confirmado su intención de mantener su política actual de dividendos hasta nuevo aviso.
골든 오션 그룹 (GOGL)은 이사회의 중요한 변화를 발표했습니다. 이 회사는 Patrick De Brabandere 씨와 Patrick Molis 씨를 새로운 이사로 임명했으며, 두 사람 모두 해양 및 금융 산업에서 풍부한 경험을 가지고 있습니다.
동시에 네 명의 이사가 사임했습니다: Ola Lorentzon 씨, John Fredriksen 씨, Ben Mills 씨, 그리고 Cato Stonex 씨입니다. 이제 James O'Shaughnessy, Tonesan Amissah, 그리고 두 명의 신임 이사로 구성된 새 이사회는 GOGL의 새로운 주요 주주인 CMB.TECH와의 논의를 시작할 계획입니다.
이사회는 상업적 협력, 운영 및 기술 파트너십, 그리고 기타 사업 조합을 포함한 잠재적인 전략적 옵션을 탐색할 것입니다. 중요한 것은 회사가 추가 공지가 있을 때까지 현재의 배당 정책을 유지할 의도를 확인했다는 것입니다.
Golden Ocean Group (GOGL) a annoncé des changements significatifs au sein de son Conseil d'Administration. L'entreprise a nommé Mr. Patrick De Brabandere et Mr. Patrick Molis comme nouveaux Directeurs, tous deux apportant une vaste expérience dans l'industrie maritime et financière.
Simultanément, quatre directeurs ont démissionné : Mr. Ola Lorentzon, Mr. John Fredriksen, Mr. Ben Mills et Mr. Cato Stonex. Le nouveau Conseil, composé désormais de James O'Shaughnessy, Tonesan Amissah et des deux nouveaux nommés, prévoit d'initier des discussions avec CMB.TECH, le nouvel actionnaire de référence de GOGL.
Le Conseil explorera des options stratégiques potentielles, y compris la coopération commerciale, les partenariats opérationnels et techniques, ainsi que d'autres combinaisons d'affaires. Il est important de noter que l'entreprise a confirmé son intention de maintenir sa politique actuelle de dividendes jusqu'à nouvel ordre.
Golden Ocean Group (GOGL) hat bedeutende Änderungen im Vorstand angekündigt. Das Unternehmen hat Mr. Patrick De Brabandere und Mr. Patrick Molis als neue Direktoren ernannt, die beide umfassende Erfahrungen in der maritimen und finanziellen Branche mitbringen.
Gleichzeitig haben vier Direktoren ihren Rücktritt erklärt: Mr. Ola Lorentzon, Mr. John Fredriksen, Mr. Ben Mills und Mr. Cato Stonex. Der neu zusammengesetzte Vorstand, der nun aus James O'Shaughnessy, Tonesan Amissah und den beiden neuen Ernennungen besteht, plant, Gespräche mit CMB.TECH, dem neuen Hauptaktionär von GOGL, aufzunehmen.
Der Vorstand wird potenzielle strategische Optionen prüfen, einschließlich kommerzieller Kooperation, operativer und technischer Partnerschaften sowie anderer Unternehmenszusammenschlüsse. Wichtig ist, dass das Unternehmen bekräftigt hat, dass es beabsichtigt, die derzeitige Dividendenpolitik bis auf weiteres beizubehalten.
- Maintained dividend policy stability for shareholders
- Strategic partnership exploration with CMB.TECH could create new business opportunities
- New directors bring extensive maritime industry and financial expertise
- Significant board turnover with four directors stepping down simultaneously
- Uncertainty regarding potential strategic changes with new reference shareholder CMB.TECH
Golden Ocean Group Limited (Nasdaq: GOGL & OSE: GOGL) (“GOGL” or the “Company”) is pleased to announce the appointment by the Board of Directors of Mr. Patrick De Brabandere and Mr. Patrick Molis as Directors of the Company.
Mr. Patrick De Brabandere holds a degree in Applied Economic Sciences from UCL Louvain-la Neuve. He started his career at the audit firm Arthur Andersen. In 1987, he joined Almabo, the former holding company of the Saverys family, as Project Controller. He became CFO of CMB NV in 1998 and was appointed director of CMB NV in 2002. In 2003, following the partial demerger of Exmar NV from CMB NV, he became director and CFO of Exmar NV, then COO. In 2020 he became CFO of Exmar NV again until June 2022. He currently is a director of CMB NV and he also sits on the Supervisory Board of CMB.TECH since 2023.
Mr. Patrick Molis graduated from the Institut d’Etudes Politiques de Paris and holds a Master’s degree in law from Paris X Nanterre. He started his career as a Magistrate at the Cour des Comptes after joining the National School of Administration. Mr. Patrick Molis was General Manager of Union Normande Investissement (1989-1992), CFO of Worms & Cie Group (1994-1997), General Manager of Compagnie Nationale de Navigation (1995- 1998), Chairman of the Board of Compagnie du Ponant (2012-2015) and Chairman and CEO of Héli-Union (2013-2022). He is currently Chairman of Compagnie Nationale de Navigation (since 1998) and director of Sabena Technics. He has previously served as member of the board of directors of Euronav Luxembourg (1995-2001), Euronav (2004-2010), Compagnie Maritime Nantaise (1995-2017), Compagnie Méridionale de Navigation (2008- 2022) and of the Conseil d’orientation du Domaine national de Chambord (2007-2017). Mr. Patrick Molis has been awarded the titles of Knight of the Legion of Honour and Officer of the Order of Merit. He currently sits on the Supervisory Board of CMB.TECH since 2023 as an independent member.
The Company further announces that Mr. Ola Lorentzon, Mr. John Fredriksen, Mr. Ben Mills and Mr. Cato Stonex in conjunction with the above appointments have stepped down from their positions as Directors of the Company. The Company would like to express its sincerest gratitude for the many years of positive contribution these directors have brought to the development of its business.
Taking into account these changes, the Board of Directors currently consists of Mr. James O’Shaughnessy, Ms. Tonesan Amissah, Mr. Patrick De Brabandere and Mr. Patrick Molis.
In its new composition, the Board of Directors looks forward to initiate conversations with the Company's new reference shareholder, CMB.TECH. The Board of Directors expects conversations to include potential strategic options, commercial cooperation, operational and technical partnerships, and/or other forms of business combinations. Until further notice, the Board of Directors intends to maintain the Company’s current dividend policy.
The Board of Directors
Golden Ocean Group Limited
Hamilton, Bermuda
March 21, 2025
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Forward-looking statements: This release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
FAQ
What major changes were announced to GOGL's Board of Directors in March 2025?
How will GOGL's dividend policy be affected by the board changes?
What strategic discussions will GOGL's new board pursue with CMB.TECH?
Who are the current members of GOGL's Board of Directors after March 2025 changes?
