Famous for his small and tight-knit management teams, John Fredriksen’s Frontline Ltd has announced the appointment of Lars H Barstad as the chief executive of Frontline Management AS with effect from 1 September 2021
Mr Barstad was appointed the interim chief executive of Frontline Management AS in October 2020 and from 1 September 2021, he will fill the position on a permanent basis.
Prior to that, Mr Barstad held the role as Frontline’s commercial director and has previously worked as a trader with Noble Group Ltd and Glencore Ltd in London, as well as serving as director of Imarex Pte Ltd in Singapore.
Frontline Ltd and Frontline Management AS’ chairman of the board Ola Lorentzon said, “The Board is delighted to have appointed Lars H Barstad, who has demonstrated his abilities serving as Interim CEO. We are confident Lars will be successful in his work, building shareholder value for Frontline.”
On being appointed, the incoming chief executive stated, “I am very grateful for the acknowledgement from the Board and to be appointed CEO of Frontline. I look forward to continuing my work with this great team in positioning the company for what I believe are very exciting years ahead for the tanker industry in general, and for Frontline in particular.”
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