It was a short announcement from Euronav with a big impact in that there will be one less outspoken member of the tanker community when Euronav chief executive Paddy Rodgers steps down from Euronav at the end of 2019.
Paddy Rodgers said “It has been a real honour and privilege to lead Euronav as chief executive officer. The company has progressed from a family operation with 17 vessels to the largest crude tanker company in the world with 73 vessels, listed on both Euronext and NYSE. Having now completed in full the Gener8 merger I wish to pursue other opportunities and believe it is an appropriate time to hand over the baton of leadership of a strong and best-in-class large crude tanker business. I would like to thank all of the staff at Euronav for their dedication, unwavering support and professionalism in my time at the company”.
Euronav chairman Carl Steen said “We respect Paddy’s decision to step down after transforming Euronav under his stewardship. Euronav is in a strong position with sector low leverage, substantial liquidity and operational flexibility to take on the challenges from the tanker market going forward. Euronav’s strategy remains unchanged and the board and management team look forward to building on the legacy created by Paddy. ”
Do you have what it takes to lead the largest public listed tanker company through IMO 2020 and the next tanker market recovery? Stand up and make yourself heard at the Asian Tanker Conference in Singapore.