Martin Ackermann Steps Down As CEO of BW LPG

(Singapore, 9 December 2019)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) announced today that Martin Ackermann has decided to step down as CEO at the end of this year for family reasons, after five years leading the company from Singapore. Anders Onarheim, a non-executive director of BW LPG since 2013 and former Managing Director of Carnegie, will act as interim CEO of BW LPG.

Martin Ackermann, CEO of BW LPG, says: “It has been a privilege to lead BW 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 Officer
BW LPG Limited
Tel: +65 6705 5506
Iver Baatvik
Head of Investor Relations
BW LPG Limited
Tel: +65 6705 5519
About BW 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 about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW 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.