EuropeTankers

Robert Macleod steps down as CEO at Frontline

Robert Hvide Macleod, one of the best known names in the tanker business, is stepping down as CEO at John Fredriksen’s Frontline Management.

Macleod has headed Frontline for the last six years. Lars Barstad, the company’s commercial director, will step up to become interim chief executive.

“I would like to thank Robert for his contribution to Frontline. He has led the company through a period of significant fleet growth and renewal,” said Fredriksen, the chairman of Frontline, wishing him continued success in his future endeavours.

Macleod was appointed Frontline CEO in November 2014, taking over from one of Fredriksen’s key lieutenants, Jens Martin Jensen. Macleod’s reign started with many analysts writing the company off, suggesting it was close to bankruptcy. He engineered the company’s remarkable turnaround, and expanded the fleet with a number of audacious acquisitions.

Macleod, a Norwegian, had been with Maersk from 2001 to 2004, then Glencore through to 2011, before running his own company, Highland Tankers until Fredriksen came knocking, taking on the CEO role at one of Fredriksen’s flagships at the age of just 35.

“I have thoroughly enjoyed the last six years at Frontline, working with a great team through often volatile market conditions,” said Macleod today.

He will remain available to the company through to the end of April next year allowing for a smooth management transition.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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