OLDENDORFF Carriers has appointed Patrick Hutchins as its new president and chief executive officer, effective 21 March.
Mr Hutchins succeeds Peter Twiss, who is retiring after 28 years with the shipping company. He had served as CEO since 2003.
Oldendorff said Mr Twiss planned to step down when “everything was in good order”.
“Another main reason for leaving now is that I have trained and mentored many Oldendorff employees,” Mr Twiss said.
“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.”
Oldendorff chairman Henning Oldendorff said Mr Twiss is handing over a “robust” company.
“Thanks to Peter’s leadership and constant coaching, the company is in an excellent shape and running on all cylinders,” Mr Oldendorff said.
He said he and Mr Twiss have had a close working relationship for more than 25 years.
“Together with our people and our global board, we have enjoyed countless adventures and weathered many storms. Peter will be around to support and assist the new CEO for as long as is required.”
Incoming CEO Mr Hutchins joined the company in October 1999 and was a founding board member in 2007.
The company said Mr Hutchins has overseen the commercial teams at Oldendorff Carriers for all trades and different vessel sizes, most recently heading the Capesize segment.
“This handover is a celebration for the wonderful things Peter Twiss has achieved in his tenure as CEO at Oldendorff Carriers,” Mr Hutchins said.
“He leaves the company in the best of shape, and I sincerely believe we can build on his achievements to take the company forward.”
