Captain Claus Hyldager yesterday decided to step down as the Chief Executive Officer of Inchcape Shipping Services (“ISS”).
The current Chief Financial Officer, Chris Whiteside, has been appointed as acting Chief Executive Officer. Captain Claus Hyldager is now serving a period of garden leave and will assist with an orderly handover. A special committee of the ISS Board will oversee the search for a permanent CEO with the assistance of a leading executive search firm.
The ISS Board thanked Captain Claus Hyldager for his invaluable contributions to ISS over the past twenty years, including nine years as CEO. The Board noted that during this time Captain Claus Hyldager developed a global footprint and grew the business to a true multinational market leader in maritime and cargo services which has helped establish a solid foundation for ISS's future. Today ISS successfully acts as the agent for over 65,000 port calls in 1,533 ports across 112 countries.