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Jens Martin Jensen steps down as Frontline CEO

Frontline appoints a new Chief Executive Officer as Norwegian Robert Hvide Macleod takes over as CEO on November 3rd. Jens Martin Jensen will continue with the group.

Frontline has gotten a new CEO in Norwegian Robert Hvide Macleod who will become head of the carrier starting November 3rd, says Frontline's Board in corporate statement.

Macleod replaces Jens Martin Jensen, who has spent several years at the head of the table in Frontline as well as Frontline 2012. He has accepted a new position where he will be responsible for acquisitions and sales, newbuildings and other maritime projects in the group, according to the Board. Jens Martin Jensen was also elected onto the Frontline Board of Directors in September 2014.

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The new CEO is currently managing director and owner of Highlander Tankers, and before that he worked for Glencore's ST Shipping from 2004 to 2011. Prior to this he spent two years with A.P. Moeller-Maersk. He is 35 years old and lives in Oslo.

Chairman John Fredriksen says the following:

"Through  the  engagement  of  Robert  Hvide  Macleod  we have gained a talented individual  with in-depth knowledge  of both shipping  and oil trading. Combined with  his outstanding  network throughout  the tanker  industry, we believe this will  ensure that  the Company  remains the  driving force in the industry. With Jens  Martin Jensen's continuation  with the Group  and his extensive experience and  knowledge  I  am  confident  this  will  continue to help drive the Company forward."

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