Dr. Helmut Sohmen has announced his retirement effective 20 November as Chairman of the Board of BW Group Limited and BW Offshore Limited.
Sohmen has served the group for 44 years with 28 years as Chairman. His son Andreas has been elected as the new Chairman of both companies. He will retain his current role as BW Group CEO until 1 April 2015, when Carsten Mortensen will take on the role of CEO.
Commenting on the news, Helmut Sohmen said: “It has been a privilege to oversee BW’s growth from a tanker and dry bulk business to a significant maritime oil and gas player involved in LNG, LPG, crude, products, chemicals and FPSOs. Andreas has been with BW for the past 15 years and I am confident that under his leadership, the company will continue to grow.”
Andreas Sohmen-Pao added: “My father has guided the company through numerous cycles over a period of forty years, and has been an exceptional Chairman to the group. He has shaped the group’s values and reputation, and his strong and decisive leadership has brought us to where we are today. Both of us are very grateful to our dedicated colleagues around the world who have been instrumental in the group’s success.”
Adapted from press release by Katie Woodward
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