Navigator Holdings Ltd. Announces Appointment of Mads Peter Zacho as Chief Executive Officer
Navigator Holdings Ltd. (“Navigator”) (NYSE: NVGS), the owner and
operator of the world’s largest fleet of handysize liquefied gas
carriers, announces today that Navigator’s Board of Directors (the
“Board”) has appointed Mr. Mads Peter Zacho as Chief Executive
Officer (“CEO”), effective September 1, 2022.
Dag von Appen, Navigator’s Non-executive
“The Board is delighted to welcome Mads Peter
Zacho to Navigator as our new CEO. Mads has considerable industry
and corporate experience and will be well placed to lead Navigator
through its next exciting period of growth.
“I would also like to take this opportunity to
thank the executive management team, comprised of Michael Schröder,
Niall Nolan and Oeyvind Lindeman, for leading Navigator as a
strong, high-performance team since October 2021. Their
cohesiveness and support in filling the role of CEO during this
period has been invaluable to Navigator.”
Mads Peter Zacho, Navigator’s incoming Chief
Executive Officer, commented:
“I am thrilled to join Navigator and look
forward to working closely with Navigator’s talented and dedicated
team of professionals as we leverage and grow our market leading
business. With strong client relationships and a large, modern
fleet, Navigator has unique potential to shape the future of the
gas infrastructure industry and lead the way to a truly sustainable
About Mads Peter ZachoMr. Zacho
has worked in shipping for almost 20 years, most recently as the
Head of Industry Transition at the Mærsk Mc-Kinney Møller Center
for Zero Carbon Shipping, since November 2020. From November 2016
to August 2020, Mads was CEO for J. Lauritzen A/S and was also CFO
for TORM plc from September 2013 to November 2016 and CFO for
Svitzer between 2010 and 2013. Mads was Deputy Head of Treasury for
A.P. Møller-Mærsk between 2004 and 2010.
Mads spent the first 10 years of his career in
the financial industry in Denmark and the United States and brings
shipping experience from several shipping segments, namely the gas
tanker, dry bulk, product tanker, container and towage
Mads has an MSc in Economics from the University
of Copenhagen and an MBA from the International Institute for
Management Development, Lausanne.
press release contains certain forward-looking statements
concerning plans and objectives of management for future operations
or economic performance, or assumptions related thereto, including
statements concerning the anticipated start date for Mr. Zacho. In
addition, we and our representatives may from time to time make
other oral or written statements that are also forward-looking
statements. In some cases, you can identify the forward-looking
statements by the use of words such as "may," "could," "should,"
"would," "expect," "plan," "anticipate," "intend," "forecast,"
"believe," "estimate," "predict," "propose," "potential,"
"continue," "scheduled," or the negative of these terms or other
comparable terminology. Forward-looking statements appear in a
number of places in this press release. These forward-looking
statements involve many risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
by such statements. These risks and uncertainties include but are
not limited to those set forth in the periodic reports Navigator
files with the Securities and Exchange Commission.
All forward-looking statements included in this
press release are made only as of the date of this press release.
New factors emerge from time to time, and it is not possible for us
to predict all of these factors. Further, we cannot assess the
impact of each such factor on our business or the extent to which
any factor, or combination of factors, may cause actual results to
be materially different from those contained in any forward-looking
statement. We expressly disclaim any obligation to update or revise
any forward-looking statements, whether because of future events,
new information, a change in our views or expectations, or
otherwise. We make no prediction or statement about the performance
of our common stock.
About UsNavigator Holdings Ltd.
is the owner and operator of the world’s largest fleet of handysize
liquefied gas carriers and a global leader in the seaborne
transportation services of petrochemical gases, such as ethylene
and ethane, liquefied petroleum gas (“LPG”) and ammonia and owns a
50% share, through a joint venture, in an ethylene export marine
terminal at Morgan’s Point, Texas on the Houston Ship Channel, USA.
Navigator’s fleet consists of 53 semi- or fully-refrigerated
liquefied gas carriers, 21 of which are ethylene and ethane
capable. The Company plays a vital role in the liquefied gas supply
chain for energy companies, industrial consumers and commodity
traders, with its sophisticated vessels providing an efficient and
reliable ‘floating pipeline’ between the parties, connecting the
world today, creating a sustainable tomorrow.
Navigator’s common stock trades on the New York
Stock Exchange under the symbol “NVGS”.
Navigator GasAttention: Investor Relations
London: 10 Bressenden Place, London, SW1E
5DH.Tel: +1 713 373 6197 and +44 (0)20 7340 4850
Investor Relations / Media AdvisorsNicolas
Bornozis / Paul LampoutisCapital Link - New YorkTel:
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