Stock Exchange Release no. 26
Made public via OMX on 13 October 2008
Nordic Tankers to have new CEO
To strengthen the management of the company and ensure a successful development
in keeping with the strategy of the Supervisory Board as announced at
end-August, the Management Board will be strengthened with a new CEO, Geir
Jansen.
The company's acting CEO up till now, Claus Breitenbauch, will continue to
serve on the Management Board as COO and will be responsible for the company's
vessels.
Geir Jansen is 54 years old, holds an MSc in Economics and Business
Administration and for the last 20 years, he has worked with the development of
significant shipping and investment companies, including DIFKO, DSB Rederi A/S,
Scandlines AG and Stena Line.
Geir Jansen serves on the supervisory boards of Eleven Danes A/S (Chairman),
A/S West Alpha (Chairman), Gemaja A/S (Chairman) and ACE-Link A/S, which
operates a ferry service between Elsinore and Helsingborg.
Since the last general meeting of the company, Geir Jansen has served on the
Supervisory Board as Deputy Chairman and will continue his board work for the
company.
For further information:
Chairman of the Board Steen Bryde, tel.: +45 38 32 10 00/+ 45 20 22 10 11
CEO Geir Jansen, tel.: +45 4050 4332
Forward-looking statements
This announcement contains forward-looking statements reflecting management's
current perception of future trends and financial performance. Statements
relating to 2008 are inherently subject to uncertainty and Nordic Tankers'
actual results may thus differ from expectations. Factors that may cause actual
results to differ from expectations include, but are not limited to, changes in
macroeconomic and political conditions - especially on the company's main
markets, changes in Nordic Tankers' freight rate assumptions and operating
expenses, volatility of rates and vessel prices, regulatory changes, possible
disruptions of traffic and operations resulting from outside events, etc. This
announcement does not constitute an invitation to buy or sell shares in Nordic
Tankers A/S.
