Wallem Group: Chief Executive Frank Coles has resigned
The board of Wallem Group announce that Chief Executive Frank Coles has resigned and will be leaving the Wallem Group shortly. As many will be aware Frank has been very active in highlighting the plight of seafarers during the Covid-19 pandemic and now wishes to become more involved in promoting their welfare, as well as pursuing other opportunities.
During his two and half years at Wallem Frank has initiated many changes aimed at enhancing customer service, obtaining operational efficiencies and improving safety. We wish Frank success for the future.
On an interim basis and until further notice, we are also pleased to announce that John Kaare Aune, Managing Director of Wallem Shipmangement Limited, will take over Frank’s role as CEO of Wallem Group Limited.
Wallem Chairman Nigel Hill says, “We would like to thank Frank for his drive and commitment over the past two and a half years. The events of the past twelve months have brought the daily lives and work of seafarers into sharp focus and we wish him well in his new endeavours on their behalf. The Wallem team will continue the focus on enhancing our products by the use of technology and providing our partners and clients first class service.”
Frank Coles says, “I am proud of the changes I have brought to Wallem and for the advances we have made. After all these years in the maritime industry I would now like to focus on putting something back and on the welfare and rights of seafarers.”
Commerzbank’s CEO, Martin Zielke, offers the mutual termination from office and Stefan Schmittmann resigns as Chairman of the Supervisory Board
Commerzbank’s CEO, Martin Zielke, has offered a mutual termination from office to the Supervisory Board
Supervisory Board Chairman, Stefan Schmittmann, today resigned with effect from 3rd of August 2020
Zielke: “I would like to open the way for a fresh start. The bank needs a profound transformation and a new CEO, who will get the necessary time from the markets to implement a strategy.”
Schmittmann: “The Bank, the Board of Directors and the employees will face profound changes. This will take a lot of strength and effort, and should be free from repeated discussions over my role.”
The Presiding and Nomination Committee of the Supervisory Board of Commerzbank has discussed in its meeting today the offer of Martin Zielke to resign early as a Board Member of Commerzbank AG on the basis of a mutual termination of his Board Membership. It also discussed if, in the view of the Supervisory Board, such resignation is in the interest of Commerzbank. The Presiding and Nomination Committee has decided to recommend to the Supervisory Board of Commerzbank to mutually terminate the appointment of Martin Zielke as Board Member and Chairman of the Board of Managing Directors of Commerzbank at a point in time to be agreed between Martin Zielke and the Supervisory Board but the latest by 31 December 2020. The Supervisory Board will decide on this in its meeting on 8th July 2020.
Martin Zielke: “Under my leadership we set the course for a digital future for Commerzbank in 2016. With the take-over of Comdirect, we have laid the ground for developing an innovative and robust business model for the Bank. Even if we made strategic progress, the financial performance of the Bank has been and is unsatisfactory. And as CEO I bear the responsibility for that. As I want to assume this responsibility, I offered the mutual termination of my Board Membership to the Supervisory Board Committee at its meeting today. I would like to open the way for a fresh start. The bank needs a profound transformation and a new CEO, who gets the necessary time from the markets to implement a strategy.”
Stefan Schmittmann has resigned from office at today’s Presiding and Nomination Committee meeting with effect from the 3rd of August 2020.
Stefan Schmittmann: “As Chairman of the Supervisory Board, I fully supported all the strategic decisions of the Executive Board. Commerzbank’s 5.0 strategy has not found sufficient acceptance in the markets. This is reflected in the share price. Therefore I have come to the conclusion that I am responsible too and should take my share of responsibility. This is why I am going to resign. There are profound changes ahead for the Board of Managing Directors, the Bank and its employees. This will take a lot of strength and effort, and should be free from repeated discussions over my role.”
BW LPG’s CEO Martin Ackermann Resigns
Martin Ackermann has decided to step down as CEO of BW LPG Limited at the end of this year for family reasons, after five years leading the company from Singapore, the LPG owner and operator said.
Anders Onarheim, a non-executive director of BW LPG since 2013 and former Managing Director of Carnegie, will act as interim CEO of BW LPG.
“It has been a privilege to lead BW LPG through some challenging years and to see it continue as a strong platform for the future,” Ackermann said.
Ackermann has over 10 years of international management experience within the maritime industry. Prior to BW LPG, he was Chief Executive Officer of Evergas A/S and Managing Director of Eitzen Gas and B-Gas.
He leaves the company after BWLPG reported its highest ever quarterly net profit of USD 117 million, underpinned by outstanding commercial performance and a strong VLGC freight market. Fleetwide VLGC TCE freight rates averaged USD 48,100 per day, BWLPG said in its quarterly report issued in November.
Sabine Lautenschläger resigns from ECB Board
Today, Sabine Lautenschläger, Member of the Executive Board and Governing Council of the European Central Bank (ECB), informed President Mario Draghi that she will resign from her position on 31 October 2019, prior to the end of her term of office.
Ms Lautenschläger has been a Member of the Executive Board and Governing Council since 27 January 2014 as well as serving a full term in office as the Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism (SSM).
President Mario Draghi thanked her for her instrumental role in helping set up and steer Europe-wide banking supervision, a key pillar of banking union, as well as her unwavering commitment to Europe.
Former Axa boss resigns after only nine months as EMEA CEO at Zurich
Zurich Insurance Group has confirmed that Amanda Blanc, chief executive officer for Europe, the Middle East and Africa and bank distribution and a member of the group’s executive committee, has resigned.
Blanc previously held the UK CEO post at Axa, but left in April 2018 to join Zurich.
Zurich said in a statement: “The company thanks Amanda for her leadership since she joined in October 2018 and wishes her every success in her future endeavors.”
The provider added that Blanc’s successor will be announced in due course.
Mario Greco, group chief executive officer at Zurich, said: “We appreciate Amanda’s contributions during her time with us, in particular as we drive innovation throughout the business and introduce an enhanced culture of service for our customers.
“Our business in EMEA is performing well under the strong leadership of our Country CEOs.”
When Blanc first left Axa, brokers hailed her appointment at Zurich as a “great fit”, stating that she was a “big loss to Axa and an unbelievable gain to Zurich”.
Blanc left her deputy group CEO position at Towergate to join Axa in 2010.
It is yet unclear what Blanc’s next move will be. She is also stepping down as chair of the Association of British Insurers (ABI) with immediate effect.
Huw Evans, director general of the ABI, said on Twitter: “Amanda has been an excellent ABI Chair over the last year; energetic, committed and focused on the issues that matter the most. I hope she will continue to play a prominent role in the leadership of our industry over the years ahead.”
Source: insuranceage