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What is going on with Pacific Basin and Nordic CEOs?

Martin Fruergaard becomes the third Nordic CEO to head Hong Kong-based dry bulk shipping company Pacific Basin since 2000. Why has the company again picked a Scandinavian? And why Fruergaard, the chief executive of a gas ship operator?

Photo: Cyprus Shipping Deputy Ministry / PR

Looking over Martin Fruergaard's CV leads one to think that his record in and of itself should have convinced the Pacific Basin board of directors that he is the right man to take over as the company's next CEO.

He belongs to a generation of executives who in their teenage years in the 80s began their professional lives as trainees at Maersk Group, before working their way up through shipping, where they now occupy leading positions around the world. Maersk's current CEO Søren Skou is another strong example of this.

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