NORDEN strengthens organisation and promotes three managers

22 Feb 2008

Press release

With effect from 1 April, NORDEN will strengthen the organisation and management structures in line with the Company’s growth. In this connection three managers will be promoted:

Mr Jacob Meldgaard will be appointed to Executive Vice President. He remains responsible for the Company’s largest activity, the Dry Cargo Department and will in addition be responsible for all offices abroad, coordination of strategy and business development as well as other interdisciplinary processes. Jacob Meldgaard will join the newly established Executive Management team together with the two members of NORDEN’s Board of Management - President and CEO Carsten Mortensen and Executive Vice President and CFO Ivar Hansson Myklebust.

At the same time, Mr Martin Badsted is appointed to Senior Vice President and head of a new Corporate Secretariat which collates planning and support functions across the Company. The 15 employees will form the secretariat for the Board of Directors, Board of Management and Executive Management and will among other things be responsible for market intelligence, control, risk management, reporting, investor relations, strategy processes, M&A and other joint functions.

In conclusion, Ms Vibeke Schneidermann will be appointed to Senior Vice President and HR Director. The appointment reflects NORDEN’s strategic focus on recruiting, maintaining and educating highly qualified employees. The HR Department has developed within a short period of time to include four employees in Copenhagen and Singapore.

NORDEN is growing, and we must organize us accordingly. We need to strengthen the control systems, streamline some things and add even further quality to the processes and workflows. But at the same time it is important that we maintain a flat, fast and decisive organisation with a clear chain of command and understanding of the managers’ responsibility and roles. We believe to have found this balance,” says CEO Carsten Mortensen.

Press release in full (84.3 Kb)

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Mr Jacob Meldgaard
Mr Martin Badsted
Ms Vibeke Schneidermann

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