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ADS Maritime Holding

Board/Management Information Jun 11, 2020

8170_rns_2020-06-11_8d2f6e66-bf03-4677-aaca-8ae4ba160a9d.html

Board/Management Information

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ADS APPOINTS MARIUS HALVORSEN AS CHIEF COMMERCIAL OFFICER

ADS APPOINTS MARIUS HALVORSEN AS CHIEF COMMERCIAL OFFICER

11 June 2020

Marius Halvorsen has joined Arendals Dampskibsselskab AS (“ADS”) as Chief Commercial Officer. ADS is the manager of ADS Crude Carriers Plc, and in addition has investments in shuttle tankers and dry bulk carriers. Prior to joining ADS Marius worked as CEO of Fearnley Securities in Oslo, previous to which he spent 15 years working in New York, predominantly in top management positions in finance and investment banking.

Terje Bodin Larsen, CEO of ADS said: “We are extremely happy to welcome Marius onboard. He has high calibre shipping and finance experience and will be a key contributor in our drive for growth, both in relation to ADS Crude Carriers Plc and ADS.” Marius Halvorsen said: “I am very excited to join such a competent team. The company is perfectly positioned for expansion, has a great track record, as well as excellent commercial and technical operations.”

Contact:

Terje Bodin Larsen CEO

[email protected]

+4790535543

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