Denmark: CFO of TORM Resigns

CFO and member of the Executive Board of TORM Roland M. Andersen has today tendered his resignation. He will continue his normal duties on the Executive Board and leave the Company by the end of October 2013.

The process of finding a new CFO has immediately been initiated.

“I have appreciated our cooperation, and on behalf of both the Board of Directors and CEO Jacob Meldgaard I wish to acknowledge Roland M. Andersen’s valuable contribution to the Company. also during the difficult restructuring process”, says TORM’s Chairman Flemming Ipsen.

“The work to get the Restructuring Agreement in place has now been completed, the Company’s situation has stabilized and the Annual General Meeting has approved the Annual Report for 2012. In the light of this, I have decided that now is the right time for me to embark on a new journey in my professional life”, Roland M. Andersen says regarding his departure.

[mappress]

TORM, April 25, 2013