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Concordia Maritime

Board/Management Information • Aug 23, 2013

3146_rns_2013-08-23_691562e7-01ae-416d-9f0d-4c4b3a5f72fc.pdf

Board/Management Information

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PRESS RELEASE

23 August 2013

Change of Management

Concordia Maritime´s president since ten years, Hans Norén, leaves the company at the end of the year.

Hans Norén comments:

"After ten years as president and 18 years in total with the company, the board and I have agreed that year end 2013 will be a good time for a change on this position."

The Chairman of the Board, Carl-Johan Hagman comments:

"Under the leadership of Hans Norén, Concordia Maritime has developed into a modern and high quality product tanker company with a long term industrial strategy. The company has also successfully bridged a very weak period in the tanker market during the recent years. Concordia Maritime continues to focus on being a preferred supplier of cost efficient and safe tanker transportation"

Recruitment of a successor has started.

Carl-Johan Hagman Hans Norén Chairman of the Board President