Photo credit: Oldendorff Carriers

Peter Twiss has decided to step down as president and CEO of the dry bulk ship owner and operator Oldendorff Carriers after having served the company for nearly 28 years.

Patrick Hutchins takes in charge the role of the President and CEO of the company with immediate effect from today. Mr. Hutchins will relocate to Germany and continue Peter Twiss´s role.

Peters’ outstanding career started at Concept Carriers in 1995, a start-up company which was established by owner Henning Oldendorff as an operating arm, with the aim of moving closer to the cargo clients. He quickly rose through the ranks, and after running Concept Carriers in the late 90s and being co-CEO of Oldendorff Carriers, he became its sole CEO in January 2003.

Peter Twiss decision to retire now is based on the fact that he wanted to retire at the correct time.

“Timing is everything in shipping”, is what he says adding that “Another main reason for leaving now is that I have trained and mentored many Oldendorff employees. They have made me very proud, and I want them to have the same opportunities that I had when I was younger. By making room at the top, it gives employees a chance to move up,” as he says characteristically.

In the words of company chairman Henning Oldendorff: “Thanks to Peter’s leadership and constant coaching, the company is in an excellent shape and running on all cylinders. Peter chose this moment, making sure he is handing over a robust company.”

The chairman of Oldendorff also highlighted the fact that Peter Twiss will “support and assist the new CEO for as long as is required.”

Oldendorff Carriers says today for the new leader Patrick Hutchins that he “brings with him a wealth of experience, having overseen the commercial teams at Oldendorff Carriers for all trades and all different vessel sizes, most recently heading the Capesize segment. He joined the company in October 1999, and was a founding board member in 2007.”

Mr. Patrick Hutchins stated: “This handover is a celebration for the wonderful things Peter Twiss has achieved in his tenure as CEO at Oldendorff Carriers. He leaves the company in the best of shape, and I sincerely believe we can build on his achievements to take the company forward.”