The CEO of Lauritzen Bulkers, Martin Egvang, has decided to step down with immediate effect.
In a statement issued on Friday (28 February), Egvang, who was appointed CEO in September 2024, said: ‘I have been experiencing increasing stress-related symptoms, which has reached an unsustainable level, and I have therefore concluded that the right thing for me is to step down as CEO of Lauritzen Bulkers.
‘This is not how I had imagined my time in this company would end, but it is the right thing to do under the circumstances. I want to thank everyone at Lauritzen Bulkers. You have been very welcoming, and I wish you the best of luck in the future.’
The Chairman of the Board, Kristian Mørch, said: ‘First of all, I want to say that I am very sorry that Martin is leaving us, but that I have a lot of respect for his decision. Despite his short tenure, I want to thank Martin for his intensive efforts and the strategic direction he has set for Lauritzen Bulkers, and we wish Martin all the best for the future.’
Lauritizen Bulkers confirmed that, effective immediately and as an interim solution, Mørch will take the role of executive chairman and CFO Jacob Winthereik will assume the responsibility of CEO of Lauritzen Bulkers, supported by the executive management team.