X-Press Feeders CFO Shmuel Yoskovitz will take over as CEO, the Singapore-based feeder containership operator announced.
Yoskovitz replaces Tim Hartnoll who has served as CEO since 2017. Hartnoll will transtion back to his role as group chairman.
"I am turning 65 in May, and I am now most keen on ensuring that the dynamism of X-Press is maintained into the future," Hartnoll said. "I have decided to hand the role of CEO to Shmuel effective May 4, 2020, which will enable me to function at a higher level as Chairman of the Group."
In addition, Ofir Vilzig will be promoted to Finance Director, the company said.