Profile

Chairman's Column - NORDEN NEWS Magazine Summer 2014

Future-proofing

After 17 years at NORDEN – of which almost 10 years as CEO – Carsten Mortensen resigned from his position in June. We received his resignation with regret as Carsten Mortensen has been a driving force behind the development which NORDEN has gone through in the last decade. During this period, NORDEN has become one of the world’s largest operators within dry cargo, just as the Company also belongs to the world elite within product tankers through the pool cooperation Norient Product Pool.

Carsten Mortensen got an offer from the global maritime group BW Group that he could not refuse. However, he leaves a NORDEN, which with a 4-person Executive Management and a top-tuned organisation – including a future-proofed Technical Department – is well equipped for the future.

Because NORDEN’s business has developed significantly throughout the years. This has placed great demands on the Technical Department in particular not only having to handle more tasks but also tasks growing in complexity.

At the same time, growth has taken place when rates in recent years have been under pressure, and focus has been on getting the most out of every single vessel and every single crew. We have succeeded in this, but in return, there has not been much time to consider the following: If we were to start all over and organise the Technical Department anew, making it reflect both current and future challenges, how would it then look? As a solution, we hired external consultants with long-time business experience to come and help us ask and, not least, answer this important question.

The result was an intensive review of the entire organisation in the Technical Department and all its tasks. And the outcome was a completely new and future-proofed department which can accomplish the job more efficiently. We have taken the time needed. We have put together an organisation not reflecting yesterday’s NORDEN but NORDEN of tomorrow. And this is a NORDEN which strives to offer its customers even better service and to operate a growing fleet of owned vessels. On pages 4-8, you can read more about the work and meet Asger Lauritsen who is to head the Technical Department version 2.0.

Like every other employee, he will be getting a new CEO. The Board of Directors has initiated the process of finding the most suitable person so that NORDEN, based on the strong values Flexibility, Reliability, Empathy and Ambition, will continue to develop for the benefit of shareholders, customers and stakeholders.

Enjoy the reading and have a great summer.

MOGENS HUGO, Chairman of the Board of Directors

Back to NORDEN News Magazine