ANTWERP, Belgium, 30 November 2015 – Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) announces that the Board of Directors unanimously appointed Carl Steen as member of the Board and has elected him Chairman, following the
resignation of the following non-independent directors: Peter G. Livanos, Marc Saverys and
Julian Metherell, all of which shall take effect from the close of the meeting of the Board of Directors of the Company scheduled on 3 December 2015.
The new Chairman has a breadth of experience in finance an shipping as the former head of the Shipping, Oil Services and International Division of Nordea Bank, one of the largest
lenders to the shipping and offshore markets. In addition to his leading role in banking, Mr Steen has many years of experience on boards of publicly traded companies. His standing in the international shipping and investment communities makes him a real asset to the Company.
These changes are part of a process to further increase the independence and
diversification of the board as the Company has completed its migration to an independent
public company with a highly liquid share and a wide shareholder base. Since listing on the
NYSE in January 2015, Euronav has been cognisant of the need to refresh the Board in
order to deal with the increasing regulation and complexity that comes from a dual listing.
Peter G. Livanos, the outgoing Chairman said “Having known Carl Steen for years, I am
delighted that he will succeed me in the Chairman’s role. The eleven years that I have
spent on the Board of Euronav have been an extremely positive experience. I am proud to
leave with Euronav considered first in class, having successfully navigated many
challenging times. I am delighted with our financial accomplishments and particularly proud
of an exceptional operational record. I am convinced that the management team under
Paddy Rodgers will continue to enjoy success.”
Marc Saverys, the outgoing Vice-Chairman said: “It is with mixed feelings that I am
standing down from the Euronav Board but my other shipping interests require my full
attention at this point in time. I am very proud of the progress the Company made
especially in recent years and I have every confidence in the continued success of the
Company and execution of strategy by the Board and Executive Management team.”
Paddy Rodgers, CEO of Euronav said: “On a personal level, having worked closely with
Peter and Marc for many years, I will miss their counsel and guidance. Peter and Marc have
left a considerable legacy at Euronav. With Carl as Chairman we will aim to continue to
deliver on the foundations they were so critical in building. I would also like to take this
opportunity to thank Julian Metherell for his support, service and great insight, which have
been invaluable to the team at Euronav.”
As from 3 December, the Board will comprise Carl Steen (Chairman), Ludovic Saverys,
Daniel Bradshaw, William (Bill) Thomson, Anne-Hélène Monsellato, Alice Wingfield Digby,
John Michael Radziwill, Ludwig Criel, Alexandros Drouliscos and Paddy Rodgers.
