UASC announces expansion plans, new Executive Appointments
UASC announced two senior executive appointments to further position
the company for its next phase of growth. The major transformation and
investment program which is underway, calls for a new operating model to
support the business. The appointments provide the depth and breadth to
UASC's Executive Management team to deliver on ambitious growth plans.
"UASC is preparing for significant changes on the back of new
capacity coming into service with a major program of new vessel
acquisition", said Jorn Hinge, UASC President and CEO. "We are
repositioning our offering to the market, recapitalizing our business
and optimizing our trades. We are structuring our executive talent so
that we can leverage their exceptional professional capabilities to
deliver long-term value to our shareholders".
In line with our ambitious growth plans, the UASC Board of Directors
has decided to appoint Lars Christiansen as Chief Trade Officer of UASC
and Uffe Østergaard as Chief Commercial Officer of UASC.
The existing executive management team of Waleed Al Dawood as Chief
Operating Officer, Basil Al-Zaid as Chief Financial Officer and Jorn
Hinge as President and CEO will be complemented by these new senior
colleagues providing a comprehensive leadership team to drive the
Waleed Al Dawood is a long standing member of UASC having joined over
30 years ago. Waleed has held a number of management positions including
serving as Chief Technical Officer and as Vice President Middle East
Basil Al-Zaid joined UASC in 2001 as Vice President Treasury. He has
over 21 years of Managerial experience in Corporate Finance, Treasury
and International Investments, including 14 years with financial
institutions in Kuwait.
"I have worked side by side with Waleed Al Dawood and Basil Al-Zaid
over the past number of years. Their vision and foresight has led to the
transformation UASC is undergoing today", said Hinge. "Working together
as a leadership team, strengthened by our new appointments, we will
ensure that UASC continues successfully on its strategic path".
Lars Christiansen, a 7-year UASC veteran, has broad based experience
and was until his appointment the Vice President Asia Region,
responsible for all UASC activities in Asia. He also spent 20 years with
A.P. Moller-Maersk and has served as Management Consultant and as
Transport Director with IKEA on their Global Transportation Management