Norden Cuts Top Brass

Danish shipping company Norden A/S has decided to combine a number of management functions and reduce its executive management team from 5 to 3 members with immediate effect.

As a consequence, Norden’s current CFO Michael Tønnes Jørgensen and Executive Vice President Lars Bagge Christensen will resign. They will be available for Norden during a short period of time after which they will be released from their duties.

”On behalf of the Board of Directors, I would like to thank Michael and Lars for their considerable contribution to Norden over the years. They have both had a positive influence on Norden’s development, but we are simplifying the organisation, which also necessitates adjustment of the management structure,” said Klaus Nyborg, Chairman of Norden.

The company’s executive management team will hereafter consist of CEO Jan Rindbo, CFO Martin Badsted and Executive Vice President Ejner Kiel Bonderup.

Responsibility for the finance department, investor relations and corporate secretariat will be combined under Executive Vice President Martin Badsted, who will be appointed CFO.

At the same time, responsibility for sale & purchase as well as long-term charter procurement will be combined in a new unit, asset management, covering both dry cargo and tankers. The responsibility for the asset management will be held by Henrik Lykkegaard Madsen, head of the company’s projects department, who will be appointed Senior Vice President.

The commercial operation of Norden’s tanker fleet continues without changes in the Norient Product Pool under the management of pool CEO Søren Huscher.

”With the changes we are consolidating a number of functions creating a more streamlined organisation. This will also have implications for the composition of the Executive Management,” said Jan Rindbo, CEO of Norden.

Share this article

Follow World Maritime News

In Depth>


<< Apr 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >