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CFO adds to exodus from Thorco

Copenhagen: The boardroom meltdown at Thorco continues. Strategical differences in management at the line have forced CFO Kent Hedegaard to leave the company. The move comes just a couple of days after Clipper Group CEO Kristian Mørch opted to resign from the board of the Stadil-controlled multipurpose carrier for the same reasons.

Hedegaard joined the company in June 2014. Previously he was a partner with PwC.

Clipper’s multipurpose vessels will continue to be operated by Thorco in the future, but Clipper Group will no longer be represented on the Thorco board.

Thorco, the world’s second largest operator of multipurpose vessels, was formed in 2013 when Clipper Projects merged with Thorco Shipping.

Thorco’s board now consists of company owner Thor Stadil, his son Christian Stadil and CEO Thomas Mikkelsen.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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