Euronav has promoted its CFO Hugo De Stoop to succeed Paddy Rodgers as CEO of the tanker giant.
The handover will take place during the second quarter with Rodgers off to as yet unspecified pastures new.
De Stoop commented today: “I would like to take this opportunity to thank Paddy; it has been a real pleasure to work together in order to create the dynamic and robust tanker platform that Euronav is today. I look forward to continue creating value for all our stakeholders in an exciting environment full of opportunities and challenges.”
Carl Steen, chairman of Euronav, said De Stoop had consistently added significant value well beyond the financing of the business during his time at Euronav.
Rodgers announced he was stepping down last month after 18 years with the company during which time he built it into a world leading tanker organisation.