Martin Egvang, the chief executive officer of Copenhagen-headquartered shipowner and operator Lauritzen Bulkers, has decided to step down with immediate effect, due to stress-related symptoms.
“I have been experiencing increasing stress-related symptoms, which has reached an unsustainable level, and I have therefore concluded that the right thing for me is to step down as CEO of Lauritzen Bulkers.”
“This is not how I had imagined my time in this company would end, but it is the right thing to do under the circumstances. I want to thank everyone at Lauritzen Bulkers. You have been very welcoming, and I wish you the best of luck in the future,” said Martin Egvang.
The chairman of the board, Kristian Mørch, noted “First of all, I want to say that I am very sorry that Martin is leaving us, but that I have a lot of respect for his decision. Despite his short tenure, I want to thank Martin for his intensive efforts and the strategic direction he has set for Lauritzen Bulkers, and we wish Martin all the best for the future.”
As an interim solution with immediate effect, Kristian Mørch will take the role of executive chairman, whilst CFO Jacob Winthereik will assume the responsibility of CEO of Lauritzen Bulkers, supported by the executive management team.
The company said that there are no plans to change the organisation or the strategy for Lauritzen Bulkers.
