Why Thorco made management changes

Replacing Thomas Mikkelsen with Henrik Ramskov as CEO was not a demotion, says co-owner and Chairman of Thorco, Thor Stadil, to ShippingWatch.

Photo: Fra venstre; Kristian Mørch, Partner og Group CEO i Clipper, Henrik Ramskov & Thomas Mikkelsen

It wasn't the anger of a dissatisfied Board that led to Thomas Mikkelsen stepping down as CEO of Thorco, assuming command of chartering instead. Going back to the chartering business was in fact his own wish, rather than being responsible for running the entire shipping company, says Thor Stadil, co-owner and Chairman of Thorco, to ShippingWatch.

"Really, a replacement isn't the right way to describe it. What happened was that Thomas Mikkelsen, who's a partner and has been part of this from day one, had too much to do. He's especially good at chartering, and it's also his primary interest, so he was actually the one who proposed to bring in a new CEO," says Thor Stadil.

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