ShippingWatch

EMS Seven Seas CEO resigns

Following a disappointing quarter result for EMS Seven Seas, Morten Persen has opted to resign as CEO of the Norwegian supplier, effective immediately.

The CEO of stock-listed Norwegian supply company EMS Seven Seas, formerly a part of the Eitzen Group, Morten Persen, resigns from his position following financial result this quarter that failed to please the company's Board of Directors.

Even though the 3rd quarter operating result (EBITDA) brought a slight improvement at USD 1.4 million, compared to USD 1.3 million in the previous quarter, the interim report shows disappointing profit developments in spite of several efforts to improve the results, along with the fact that the company has launched a series of initiatives.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs