Copenhagen: The changes at the top of the Clipper Group continue with news that Gary Vogel is stepping down.
Vogel, who resides in Stamford, US, had been joint group CEO of Clipper since January 2013 together with Kristian Morch, who announced his resignation from Clipper in May 2015.
Frank Jensen (pictured) is stepping back into the role as group CEO of Clipper, while retaining his position as chairman of the board.
“The constellation with Kristian and Gary as dual CEOs of Clipper worked well and they had a very strong partnership. However, it was never the intention that Clipper, which is commercially headquartered in Copenhagen, should have a sole CEO residing in the US, and with Kristian leaving, the situation has changed,” said Jensen.
“It has become evident to both Gary and me,” Jensen continued, “that it is not in the best interest of Clipper to have a CEO based 4,000 miles away from our commercial headquarters. We have mutually agreed that Clipper’s CEO should be based in Copenhagen, and consequently Gary will step down as CEO and partner with immediate effect, as he wishes to pursue opportunities in the US.”