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New CEO for Finnlines after poor results

The Italian Grimaldi family takes over the daily management of the roro carrier following a deficit in the first nine months of the year.

Photo: Finnlines

On the same day that roro and passenger carrier Finnlines published its financial report revealing a declining revenue and red numbers on the bottom line for the first nine months of 2013, the carrier's owner, Italian Grimaldi, appointed a new CEO from the family-controlled company.

According to Finnlines, now-former CEO Uwe Bakosch has opted to step down voluntarily and will instead become head of Finnlines Deutschland Gmbh, while former Chairman Emanuele Grimaldi has assumed responsibility for daily operations of the carrier. Jon-Aksel Togersen has been named new Chairman of Finnlines, which operates in the Baltic Sea and the North Sea.

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