Golden Ocean Group Limited (Nasdaq and OSE: GOGL), a shipping company based in Hamilton, Bermuda, has recently announced the departure of Ulrik Andersen, the Chief Executive Officer (CEO) of Golden Ocean Management AS. The Board of Directors has appointed Lars-Christian Svensen, the Chief Commercial Officer of Golden Ocean, as the Interim CEO. This strategic change aims to ensure a seamless transition and continued success for the company. Ulrik Andersen will remain with the company until September 1st, 2023, offering his support during the transition period.

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Acknowledging Ulrik Andersen's Contributions

The Chairman of Golden Ocean, Ola Lorentzon, expressed his gratitude for Ulrik Andersen's contributions to the company. Under Andersen's leadership, Golden Ocean experienced significant fleet growth and renewal, successfully navigating a challenging and volatile macroeconomic landscape. Lorentzon wished Ulrik Andersen success in his future endeavors, acknowledging his role in the company's progress.

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Ulrik Andersen's Statement

In response to his departure, Ulrik Andersen shared his gratitude towards the Golden Ocean Board for providing him with the opportunity to lead the company during a transformative period. His tenure witnessed remarkable achievements, including substantial fleet growth. Despite the challenging economic conditions, Andersen guided the company through successfully. He expressed his confidence that Golden Ocean is well-positioned for future success. Andersen extended his best wishes to the company as it embarks on the next chapter of its journey.

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Appointment of Lars-Christian Svensen

To ensure a smooth transition, Golden Ocean has appointed Lars-Christian Svensen as the Interim CEO of Golden Ocean Management AS. Svensen, who currently serves as the Chief Commercial Officer, brings a wealth of experience and a deep understanding of the industry and the organization. The Board is confident that Svensen's expertise will contribute to the continued growth and prosperity of Golden Ocean.