Hoegh Autoliners' chief executive and chief financial officer are leaving the company after heftly losses in the privately owned company.
CEO Ivar Hansson Myklebust has been replaced by the Oslo-based company's by Hoegh group veteran Thor Jorgen Guttormsen. CFO Ingrid-Due Gundersen is also leaving the company. Chairman Leif O Hoegh said there is no secret that Hoegh Autolines has had poor results, but he insisted that they left voluntarily.
He said both the car carrier operator's owners, majority shareholder Leif Hoegh & Co and Danish liner giant AP Moller-Maersk, agreed on the decision.
TradeWinds reported last month that Hoegh Autoliners last year had a pre-tax loss of $55m, against a $24.7m loss in 2017.
