Penn steps down as Baltic Exchange chief executive

Penn steps down as Baltic Exchange chief executive

After 12 and a half years in the role, Jeremy Penn is to step down as chief executive of the Baltic Exchange.

No replacement has been lined up, but London-based executive recruitment firm Odgers Berndtson is undertaking the search for Penn’s successor.

“It has been a privilege to work for the interest of the Baltic, its members and shareholders for the last 12 years and in many ways I shall be sorry to go,” Penn (pictured) said in a statement. “However, now is the time to give myself the opportunity to pursue other projects and interests, some of which will certainly be in shipping.”

“Jeremy advised the board some time ago of his plans and we will of course be sorry to lose him,” commented Guy Campbell, chairman of the Baltic Exchange.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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