(Singapore ,9 December 2019 )BW LPG Limited ("BW LPG ", the "Company", OSE ticker code: "BWLPG.OL") announced today thatMartin Ackermann has decided to step down as CEO at the end of this year for family reasons, after five years leading the company fromSingapore .Anders Onarheim , a non-executive director ofBW LPG since 2013 and former Managing Director of Carnegie, will act as interim CEO ofBW LPG .Martin Ackermann , CEO ofBW LPG , says: "It has been a privilege to leadBW LPG through some challenging years and to see it continue as a strong platform for the future".Andreas Sohmen-Pao ,BW LPG Chairman, says: "On behalf of the Board of Directors, I would like to thank Martin for his contributions over the past five years, which spanned an entire LPG shipping cycle and included the acquisition of another company and the development of new business. We wish him all the best in his future endeavors." For further information, please contact:Elaine Ong , CPA, CA Chief Financial OfficerBW LPG Limited Tel: +65 6705 5506 E-mail: elaine.ong@bwlpg.com Iver Baatvik Head of Investor RelationsBW LPG Limited Tel: +65 6705 5519 E-mail: iver.baatvik@bwlpg.com AboutBW LPG BW LPG is the world's leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a total carrying capacity of over 4 million cbm. With four decades of operating experience in LPG shipping and experienced seafarers and staff,BW LPG offers a flexible and reliable service to customers. More information aboutBW LPG can be found at www.bwlpg.com.BW LPG is associated withBW Group , one of the world's leading shipping groups. BW's controlled fleet of over 300 ships includes oil tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, chemical tankers, dry cargo carriers and floating production storage and offloading (FPSO) units. This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
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