12 May 2015
Appointment of new CEO for BW LPG
(Singapore, 12 March 2015)
The Company is pleased to announce the appointment of Mr. Martin Ackermann as the Chief Executive Officer of BW LPG Limited ("BW LPG", the "Company", OSE ticker code: "BWLPG"). Mr. Ackermann is currently the CEO of Evergas. He will take up his new role at BW LPG in Singapore once his contractual commitments have been finalised, and BW LPG's current CEO, Mr. Nicholas Gleeson, will in due course return to his previous position as Chief Financial Officer of BW Group.
Martin Ackermann has been CEO of Evergas since 2008, where he has led the rejuvenation of the former Eitzen Gas fleet, including the development of eight ethane carriers on long-term contracts. Andreas Sohmen-Pao, Chairman of BW LPG, says: "We are very grateful to Nick for his sterling efforts taking BW LPG to the stock market and in the period thereafter, and are pleased to have his continued contributions as CFO of BW Group. We are delighted to be welcoming Martin as CEO of BW LPG. As the world's largest LPG shipping company, we look forward to his leadership in developing the company's strong platform of assets and capabilities".
For further information, please contact:
Ms Arathi Menon
BW LPG Limited
Tel: +65 6705 5513
ABOUT BW LPG
BW LPG is the world's largest very large gas carrier (VLGC) owner and operator based on number of VLGCs and by LPG carrying capacity. BW LPG owns and operates 37 gas carriers with a total carrying capacity of close to 3 million cbm and a further 504,000 cbm of capacity on order in Korea. With 35 years of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. BW LPG is associated with BW Group, one of the world's leading shipping groups. BW Group is involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deep-water production.
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.