The decision has been taken at Avance Gas to switch Øystein Kalleklev from his role as executive chairman to take on the function of CEO.
Kalleklev, who has been the Avance chairman since last year, will also continue his role as CEO at Flex LNG at the same time. The Avance board will now set about seeking a new chairman.
John Fredriksen-backed Avance Gas owns and operates a fleet of 13 VLGCs and three dual fuel newbuildings for delivery in 2023 and 2024.