Thursday, October 5, 2023
HomeFinance & EconomyGrindrod Announces Retirement of Chief Executive Officer

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

Grindrod Announces Retirement of Chief Executive Officer

Grindrod Shipping Holdings Ltd., a global provider of maritime transportation services predominantly in the drybulk sector, announced that its Chief Executive Officer (“CEO”), Martyn Wade, has informed the Company that he will be retiring from the Company effective April 30, 2022 after more than 14 years of service with Grindrod Shipping and its predecessors. Concurrently, the Board of Directors has appointed Stephen Griffiths, who will remain as the Chief Financial Officer of the Company, as Interim CEO to succeed Mr. Wade. Mr. Wade will also retire from his board position at the Company.

Martyn Wade, CEO of Grindrod Shipping, said, “It has been an honor and privilege to lead the Company through its development into a leading publicly-listed drybulk shipping company following the spin-off from our former parent Grindrod Limited in 2018. I would like to say a sincere thank you to all of the staff for their dedication, hard work and support in my time at the company, as without them we could not have achieved our great success. I am very proud of what we have accomplished over the last few years and to have developed Grindrod Shipping into the envious position it now enjoys. I am delighted to be handing over to my longtime colleague and friend Steve Griffiths, who has been at my side since 2010, and I know that he will continue to drive Grindrod Shipping and build further on the solid base we have established.”

Mike Hankinson, Chairman of the Board of Directors at Grindrod Shipping, said, “We would like to sincerely thank Martyn for his many years of dedication and hard work and we wish him the very best as he relocates from Singapore back to Europe after 12 years. Martyn led the company through its listing on the NASDAQ in June 2018 and successfully navigated the Company through the depths of the COVID pandemic in 2020. Now, he leaves Grindrod Shipping in a very strong financial position, after posting a record profit in 2021, and well positioned to benefit from the continuing strong dry cargo market. We look forward to working with Steve in his enlarged role to navigate the path ahead.”

Related Posts

Video

Finance & Economy
Shipping News
Ports

Golden Ocean: Renewal of share buy-back program

Reference is made to the announcement by the Board of Directors in Golden Ocean Group Limited (OSE/NASDAQ: GOGL) dated 4 October 2022 regarding the...

DHT Holdings announces share buyback

DHT Holdings announced that the Company during the third quarter has purchased 1,137,583 of its own shares, equivalent to 0.7% of its outstanding shares,...

Scorpio Tankers takes options to buy back over 20 ships

In a relevant SEC filing, Scorpio Tankers announced extensive vessel repurchases via sale and leaseback arrangements, including for the 2016-built LR2 product tanker STI...

TOP Ships Announces Reverse Stock Split

TOP Ships announced that it has determined to effect a 1-for-12 reverse stock split of the Company’s issued common shares. The Company’s shareholders approved the...

Carnival Earnings Outlook Misses While Fuel Costs Near 15-Year High

Carnival Corp. posted a profit for the first time since 2020 but issued a fourth quarter earnings outlook that missed Wall Streets’ expectations as...

ABS, Crowley Advance Augmented Reality Technology for Maritime

Crowley and ABS, a leading provider in maritime classification and advisory services, have entered...

Baltic index hits over 11-month peak on capesize strength

The Baltic Exchange’s main dry bulk sea freight index rose to its highest in...

MSC to buy 50% stake in Italian passenger rail group Italo

Shipping group MSC has entered into a binding agreement to acquire a 50% stake...

Higher capesize rates drive Baltic index higher

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index snaps 4-day winning streak as capesize rates slip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Ukraine: 5 More Cargo Ships Head For Black Sea Ports – report

Five more ships are on their way to Ukrainian sea ports using a new corridor opened to resume predominantly agricultural exports, an alternative arrangement...

Piraeus Port reports strong H1 2023 results

The Piraeus Port Authority SA, which operates Greece’s biggest and busiest port, reported a 48.8-percent increase in pre-tax earnings for H1 2023 – 49.4...

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in the port of Volos,...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...