New CFO to Join TORM Executive Management
31 Enero 2008 - 5:36AM
PR Newswire (US)
Roland M. Andersen has Been Appointed Chief Financial Officer (CFO)
for TORM HELLERUP, Denmark, January 31 /PRNewswire-FirstCall/ --
Roland M. Andersen is 39 years old and he is currently CFO for the
Danish mobile and broadband operator Sonofon/Cybercity. During 2000
- 2005 Roland Andersen was CFO for private equity owned Cybercity.
Prior to this he has held positions with A.P. M0ller-Maersk, the
latest one as CFO for A.P. M0ller-Maersk Singapore. Complementing
his professional experience, Roland M. Andersen holds a M.Sc. in
Corporate Finance and has attended executive courses at London
Business School. Roland M. Andersen expects to join TORM in the
spring 2008. About TORM TORM is one of the world's leading carriers
of refined oil products as well as being a significant participant
in the dry bulk market. The Company operates a combined fleet of
more than 130 modern vessels, principally through a pooling
cooperation with other respected shipping companies who share
TORM's commitment to safety, environmental responsibility and
customer service. TORM was founded in 1889. The Company conducts
business worldwide and is headquartered in Copenhagen, Denmark.
TORM's shares are listed on the Copenhagen Stock Exchange (ticker
TORM) as well as on the NASDAQ (ticker TRMD). For further
information, please visit http://www.torm.com/. Safe Harbor Forward
looking statements Matters discussed in this release may constitute
forward-looking statements. Forward-looking statements reflect our
current views with respect to future events and financial
performance and may include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts. The forward-looking statements in
this release are based upon various assumptions, many of which are
based, in turn, upon further assumptions, including without
limitation, Management's examination of historical operating
trends, data contained in our records and other data available from
third parties. Although TORM believes that these assumptions were
reasonable when made, because these assumptions are inherently
subject to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond our control, TORM
cannot assure you that it will achieve or accomplish these
expectations, beliefs or projections. Important factors that, in
our view, could cause actual results to differ materially from
those discussed in the forward looking statements include the
strength of world economies and currencies, changes in charter hire
rates and vessel values, changes in demand for "tonne miles" of oil
carried by oil tankers, the effect of changes in OPEC's petroleum
production levels and worldwide oil consumption and storage,
changes in demand that may affect attitudes of time charterers to
scheduled and unscheduled dry-docking, changes in TORM's operating
expenses, including bunker prices, dry-docking and insurance costs,
changes in governmental rules and regulations including
requirements for double hull tankers or actions taken by regulatory
authorities, potential liability from pending or future litigation,
domestic and international political conditions, potential
disruption of shipping routes due to accidents and political events
or acts by terrorists. Risks and uncertainties are further
described in reports filed by TORM with the US Securities and
Exchange Commission, including the TORM Annual Report on Form 20-F
and its reports on Form 6-K. Forward looking statements are based
on management's current evaluation, and TORM is only under
obligation to update and change the listed expectations to the
extent required by law. DATASOURCE: A/S Dampskibsselskabet TORM
CONTACT: Contact: A/S Dampskibsselskabet TORM, Telephone
+45-39-17-92-00, Tuborg Havnevej 18, Klaus Kjaerulff, CEO DK-2900
Hellerup - Denmark, Mikael Skov, COO
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