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Pacific Basin Shipping CFO and Executive Director to step down

Published by
Dry Bulk,

The Board of Directors of Pacific Basin Shipping Ltd has reported that Andrew Thomas Broomhead has expressed his intention to resign his position as Chief Financial Officer and Executive Director of the company in 2017.

Broomhead has indicated his wish to relocate with his family to the UK during the summer of 2017. Accordingly, he intends to step down from the role of CFO and Executive Director of the company by or before the end of December 2017, subject to the company’s recruitment of a suitable successor. The Board has instructed the senior management to commence the search for Broomhead’s successor.

Broomhead confirms that he has no disagreement with the Board and there is no matter which needs to be brought to the attention of holders of securities of the company in respect of his intended resignation.

The Board has expressed its sincere gratitude to Broomhead for his valuable contribution to the company and his efforts over the years.

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