BW LPG Limited, owner and operator of LPG vessels, said that Martin Ackermann has decided to step down as CEO at the end of this year for family reasons, after five years leading the company from Singapore.
Anders Onarheim, a non-executive director of BW LPG since 2013 and former Managing Director of Carnegie, will act as interim CEO of BW LPG.
Martin Ackermann, CEO of BW LPG, said: “It has been a privilege to lead BW LPG through some challenging years and to see it continue as a strong platform for the future”.
Andreas Sohmen-Pao, BW LPG Chairman, said: “On behalf of the Board of Directors, I would like to thank Martin for his contributions over the past five years, which spanned an entire LPG shipping cycle and included the acquisition of another company and the development of new business. We wish him all the best in his future endeavors.”
BW LPG owns and operates Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a total carrying capacity of over 4 million cbm.