Peter G. Livanos becomes Euronav Chairman
On 22 July 2014, the Board of Directors of Euronav NV unanimously appointed Mr . Peter G. Livanos as Chairman of the Board, with immediate effect in replacement of Mr . Marc Saverys who was appointed Vice Chairman of the Board of Directors. Marc Saverys said: “I am pleased to step down after one of the busiest times the company had in its history and give the chairmanship to Peter for a period that promises to be very exciting, as the expected tanker shipping markets recovery seems in sight. Peter and Euronav can continue to count on my full support going forward.”
Peter G. Livanos said: “I am delighted to be able take over the chairmanship of Euronav from Marc and hope that my extensive business experience in the shipping markets will allow me to guide our management team as they seek to enhance value to our shareholders through the next cycle of the tanker industry. During Marc’s tenure as Chairman of the company, we successfully navigated through the world financial crisis and global recession. I am very conscious of continuing this successful stewardship of the company as we move into what looks to be an exciting period in shipping industry.”
About Euronav
Euronav is one of the world's leading independent tanker companies engaged in the ocean transportation and storage of crude oil. The company is headquartered in Antwerp, Belgium, and has offices throughout Europe and Asia. Euronav is listed on NYSE Euronex t Brussels under the symbol EURN. Euronav employs its fleet both on the spot and period market. VLCCs on the spot market are traded in the Tankers International pool of which Euronav is one of the major partners. Euronav’s owned and operated fleet consists of 53 double hulled vessels being 1 V - Plus, 2 FSO vessels (both owned in 50% - 50% joint venture), 27 VLCCs of which 1 in joint venture and 23 Suezmaxes (of which 4 in joint venture). The last remaining Maersk vessel (TBN Sandra (2011 – 323,527 dwt)) is exp ected to be delivered between the fourth quarter of 2014 and the first quarter of 2015. The company’s vessels mainly fly Belgian, Greek, French and Marshall Island flags.