Odfjell Tankers will need a new head man. On Monday, Morten Nystad is stepping down after 35 years at the company, Odfjell writes in a corporate statement to the Oslo Stock Exchange. The reason for Nystad's resignation is not elaborated on in the statement, but Odfjell SE is currently looking for his replacement, according to the statement.
Until then, the responsibility for the business part will be with the CEO of Odfjell SE. The Norwegian chemical tanker carrier has undergone a comprehensive restructuring during 2015, and many changes have been made to the top position. In December, Jan A. Hammer left the company after disagreements regarding the further development of the company and was replaced by Tore Jakobsen, who currently still holds the position as head of the company, but in August will be replaced by Kristian Mørch, arriving from the executive management at Clipper.