Lauritzen CEO Kastrup-Nielsen to step down

Jan Kastrup-Nielsen to step down as CEO of dry bulk carrier J. Lauritzen. He will be succeeded by Mads Peter Zacho, who comes from a position as CFO of Torm.

Jan Kastrup-Nielsen will step down as CEO of hard-pressed dry bulk carrier J. Lauritzen. He will be replaced by Mads Peter Zacho, who switches from a position as CFO of tanker carrier Torm, informs J. Lauritzen in a notice to the Oslo Stock Exchange.

The departure of the now-former CEO comes in the wake of several years in which J. Lauritzen has been under severe pressure from the challenging dry bulk market conditions. The move also comes after former Svitzer CEO Jesper Lok took over as new Chairman on the J. Lauritzen Board of Directors.

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