Höegh LNG Partners LP Announces Change to Board of Directors

Rhea-AI Summary

Höegh LNG Partners LP (NYSE: HMLP.PRA) announced the resignation of Mr. John V. Veech as Chairman and director of the Board, effective November 8, 2022. Mr. Veech expressed gratitude for his tenure, highlighting the valuable relationships forged during his time. The Partnership will now initiate the process to select a successor. Mr. Håvard Furu, CEO and CFO, acknowledged Mr. Veech's contributions, emphasizing the exciting developments within the LNG market.

Positive

• Potential for new leadership perspectives with upcoming Board appointment.

Negative

• Subjective concerns about continuity in leadership following Veech's resignation.

HAMILTON, Bermuda, Nov. 8, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP-PA) (the "Partnership") announces that on November 8, 2022, Mr. John V. Veech, Chairman of the Board of Directors (the "Board") of the Partnership, provided notice of his resignation as Chairman and as a director of the Board, effective on November 8, 2022. The general partner of the Partnership is undertaking a process to select a successor for Mr. Veech.

Mr. Veech commented "It has been an honor and a privilege to have served as Chairman of the Board of the Partnership. It is an exciting and dynamic time in the LNG market. I shall value above all else the relationships with my fellow directors and the best-in-class management team."

Mr. Håvard Furu, the Chief Executive Officer and Chief Financial Officer of the Partnership, commented "We are grateful for Mr. Veech's contribution during his period as Chairman of the Partnership and wish him well in his future endeavors."

Contact

The IGB Group, Bryan Degnan, +1 (646) 673-9701 / Leon Berman, +1 (212) 477-8438

View original content:https://www.prnewswire.com/news-releases/hoegh-lng-partners-lp-announces-change-to-board-of-directors-301671069.html

SOURCE Hoegh LNG Partners LP

FAQ

What led to John V. Veech's resignation from Höegh LNG Partners LP?

John V. Veech resigned as Chairman and director effective November 8, 2022, citing it as an honor to serve during a dynamic time in the LNG market.

Who will succeed John V. Veech as Chairman of Höegh LNG Partners LP?

The general partner of Höegh LNG Partners LP is currently undertaking a process to select a successor for Mr. Veech.

What impact might the leadership change have on Höegh LNG Partners LP?

The leadership change could introduce fresh perspectives but raises concerns regarding continuity in management.