EuropeTankers

Euronav names two new board members as another executive follows De Stoop to exit door

Belgian tanker owner Euronav is getting two new independent board members while another member of its management board exits the company after this week’s immediate departure of chief executive Hugo De Stoop.

At its annual general meeting, the Brussels- and New York-listed firm approved Julie De Nul and Ole Henrik Bjørge as its new supervisory board members.

The duo will take the seats of Anita Odedra and Carl Trowell, who secured shareholder votes earlier in March when John Fredriksen, Marc Saverys, Cato Stonex and Patrik De Brabandere were also elected as board members.

De Nul, CEO of Jan De Nul Dredging since 2020 and board member of Jan De Nul since 2010, failed to secure shareholders backing in March as a candidate proposed by the Saverys family’s Compagnie Maritime Belge (CMB).

A former boss of Pareto Securities, Bjørge, is the owner and CEO of Nes Invest and holds positions as a board member at HitecVision, Hav Energy, OMP Capital and Ulstein Group.

Euronav has been navigating troubled waters for more than a year including a failed merger with John Frederiksen’s Frontline, which subsequently saw De Stoop leave “by mutual agreement” after a lengthy row with the company’s other main shareholder, the Saverys family. 

He was followed by Euronav’s general counsel, Egied Verbeeck, whose resignation from the management board was announced on Wednesday. Euronav said Verbeeck, who joined in 2006, helped steer the company into the largest independent crude tanker platform through multiple corporate transactions, including its listing on the New York Stok Exchange.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
Back to top button