Team Tankers International Ltd has appointed Hans Feringa as new President and CEO. Feringa is the former President of Stolt Tankers, a division of Stolt-Nielsen Limited. He succeeds Jens Grønning, who has left the Company.
"Under Jens' leadership, Team Tankers completed a comprehensive financial restructuring and established a solid operational model," said Morten Arntzen, Team Tankers Executive Chairman.
"We are delighted that Hans will now be leading Team Tankers as the company focuses on growth and expansion. Hans brings unequalled industry experience and an outstanding track record of success. His insights and experience will drive Team Tankers' strategy to excel at serving our clients and their markets in the years ahead," he added.
Feringa joined Stolthaven Terminals in 1996, holding various positions of increasing responsibility within the Stolt organization before his appointment as President of Stolt Tankers in 2007.
Prior to Stolt, he was Commercial Director of Van Ommeren's Tank Terminal at Botlek, Rotterdam. Feringa holds a BSc in Oceanography and received an MBA from Rotterdam School of Management, Erasmus University in the Netherlands.
"The employees of Team Tankers have a long and proud tradition in the shipping industry, and I am honored to uphold this tradition while leading the company into new areas of opportunity," said Feringa. "Team Tankers commitment to providing value to its customers will establish it as a market leader in the market segments in which we will compete."
Feringa will be based at the Company's office in Westport, Connecticut. Arntzen will act as interim CEO until Feringa joins the Company on September 1, 2015.