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Norden CEO explains management cut

CFO Michael Tønnes Jørgensen and Vice President Lars Bagge Christensen (photo) are being let go as part of a large-scale management reshuffle at carrier Norde. "It is not a matter of performance," CEO Jan Rindbo explains to ShippingWatch.

Norden is now making major changes to its senior management team.

Going forward, the carrier's executive management team will only consist of three people, as opposed to five in the past, says Norden in a corporate statement. This means that CFO Michael Tønnes Jørgensen and VP Lars Bagge Christensen will leave the company. The two executives will, however, be available to the carrier for a short period of time.

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