Golden Ocean Group has made Lars-Christian Svensen permanent chief executive after he stepped up from the chief commercial officer role in June last year to become interim head of the John Fredriksen-backed dry bulk player.
“The board is delighted to have appointed Lars-Christian Svensen, who has demonstrated his abilities serving as interim CEO. We are confident Lars-Christian will be successful in his work, building shareholder value for Golden Ocean,” said Ola Lorentzon, chairman of the company.
Before taking over as interim CEO from Ulrik Andersen, Svensen was Golden Ocean’s CCO from December 2020. He also previously served as senior vice president in Norway and president of US trading activities in Seattle for Western Bulk. Before that, Svensen was a downstream analyst for Petredec and a tanker broker for Cmarine Services in Singapore.
Commenting on his appointment Svensen, added: “I would like to thank the board for the confidence and continued support. With the rest of the Golden Ocean team, I endeavor to keep driving us forward and to maintain our position as industry leaders.”
The Nasdaq- and Oslo-listed Golden Ocean, with a fleet of over 90 ships, booked a third-quarter net profit of $27.8m, down from $34.9m in the previous quarter. Numbers for the final quarter of 2023 are expected end-February this year.
