Team Tankers International (TTI) has announced that Hans Feringa has started in his role as president and CEO of the company.
Morten Arntzen has stopped his interim tenure as president and CEO and will now just be the executive chairman of the firm.
The pair have also been handed significant shareholdings in the company as incentives, with Arntzen handed 1.18m shares and Feringa 2.36m shares.
Feringa, who replaces Jens Grønning at TTI, was previously with the Stolt group for nearly 20 years.