TORM appoints Simon Mackenzie Smith as board chair

TORM plc (NASDAQ: TRMD) announced that its board of directors has appointed Simon Mackenzie Smith as the new chair of the board, succeeding Chris Boehringer.

Boehringer, who served as board chair since 2015, will remain as a board member. The appointment follows what the company described as a planned process.

"It has been a pleasure and an honor to serve as Chair of TORM. During this period, TORM has achieved significant long-term value creation for our shareholders, and I am confident that the competencies Simon Mackenzie Smith brings will support the continued development of TORM," Boehringer said.

Mackenzie Smith commented on his appointment: "I am honored to join TORM and look forward to further strengthening the position of the company. Together, we will focus on delivering long-term value for our customers and shareholders."

Mackenzie Smith currently serves as chair of Dowlais Group plc and as a non-executive director at Interpath Limited. He has 35 years of experience in corporate finance and investment banking, most recently serving as chair of Corporate and Investment Banking UK and Ireland at Bank of America Merrill Lynch.

TORM operates a fleet of product tanker vessels and describes itself as one of the world's leading carriers of refined oil products. The company was founded in 1889 and trades on Nasdaq in Copenhagen and New York.

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