Navigator Holdings Ltd. Announces Dr. Henry ?Harry? Deans Stepping Down as CEO
October 28, 2021 at 03:30 pm IST
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Navigator Holdings Ltd. announced that Dr. Henry ?Harry? Deans has given notice that he intends to step down as Navigator?s Chief Executive Officer (?CEO?) effective October 28, 2021. A process to identify the successor of Dr. Deans as CEO will commence immediately. In the interim, a committee comprising existing management executives, namely, Chief Financial Officer, Niall Nolan, Chief Commercial Officer, Oeyvind Lindeman, and Michael Schr?der, CEO of Ultragas ApS Denmark, Country President and Integration Officer, will lead Navigator, until such successor has joined the Company.
Navigator Holdings Ltd. is a United Kingdom-based owner and operator of liquefied gas carriers. The Company provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gas (LPG) and ammonia for energy companies, industrial users, and commodity traders. The Company also owns a 50% share in an ethylene export marine terminal at Morganâs Point, Texas on the Houston Ship Channel, United States. The Company owns and operates 56 gas carriers each having a cargo capacity of between 3,770 cubic meter (cbm) and 38,000 cbm, of which 25 were ethylene and ethane-capable vessels. These gases are transported in liquefied form, by applying cooling and/or pressure, to reduce volume by up to 900 times depending on the cargo, making their transportation more efficient and economical. Its services include Maritime Logistics, Ship Shore Infrastructure and Consultancy, New Trends.