Overseas Shipholding Group Announces CFO Appointment
December 04 2017 - 4:55PM
Business Wire
Overseas Shipholding Group, Inc. (NYSE:OSG) (“OSG”) announced
today that Richard L. Trueblood was appointed Chief Financial
Officer on December 1, 2017. Mr. Trueblood has been serving as
OSG’s interim CFO since July.
Mr. Trueblood is a CPA with over 45 years of experience, holding
a Bachelor of Science degree in accounting from Bentley University.
His broad range of financial and executive experience includes
serving as a Florida CFO Group Partner, as Chief Financial Officer
at the technology start-up companies Heliotrope Technologies, Inc.,
Advent Solar Inc., and Troon Golf LLC, and as SVP Finance at NYSE
listed Promus Hotel Corporation. Mr. Trueblood was a partner at
KPMG where he provided extensive services to clients in strategic
business management, mergers and acquisitions, SEC compliance,
secondary debt and equity securities offerings, as well as leading
KPMG’s real estate practices in Boston, Massachusetts and Orange
County, California. He also served as a director for UMB Bank
Arizona, N.A. for eight years.
“I am very pleased that Dick is joining OSG as CFO,” said Sam
Norton, OSG’s President and CEO. “In his role as interim CFO since
July, Dick has proven to be a valuable member of the
management team who has worked tirelessly to contribute
to the extensive agenda undertaken by the finance team. I
look forward to his continuing contributions as we move
forward in implementing our business plan.”
“I have enjoyed working with the OSG team and gotten to know its
business well,” said Trueblood. “It is certainly exciting to be
with a leading U.S. Flag shipping company with a reputation of
being a trusted operating franchise. OSG has a diversified
portfolio in the Jones Act market and strong financial profile, and
I hope to contribute to its future.”
About Overseas Shipholding Group, Inc.
Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly
traded tanker company providing energy transportation services for
crude oil and petroleum products in the U.S. Flag markets. OSG is a
major operator of tankers and ATBs in the Jones Act industry. OSG’s
22 active vessel U.S. Flag fleet consists of six active ATBs, two
lightering ATBs, three shuttle tankers, nine MR tankers, and two
non-Jones Act MR tankers that participate in the U.S. Maritime
Security Program. OSG is committed to setting high standards of
excellence for its quality, safety and environmental programs. OSG
is recognized as one of the world’s most customer-focused marine
transportation companies and is headquartered in Tampa, FL. More
information is available at www.osg.com.
Forward-Looking Statements
This release contains forward-looking statements. All statements
other than statements of historical facts should be considered
forward-looking statements. Forward-looking statements are based on
each of the Company’s current plans, estimates and projections, and
are subject to change based on a number of factors. Investors
should carefully consider the risk factors outlined in more detail
in the Annual Report on Form 10-K and subsequent Form 10-Q filings.
The Company assumes no obligation to update or revise any
forward-looking statements.
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Investor Relations & Media:Overseas Shipholding
Group, Inc.Susan Allan, 813-209-0620sallan@osg.com
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