The Hoegh family is changing its representation on the board of Norway’s Hoegh LNG Holdings as part of wider managerial moves.
A shareholder meeting on 9 June confirmed the appointment of two new directors, Eric den Besten and Carlo Ravizza.
They replace Leif Hoegh and Martine Vice Holter.
Eric den Besten is the incoming chief executive of family investment company Hoegh Capital Partners (HCP), which has until now been run by Vice Holter.
The new boss was previously chief investment officer of SHL Capital, a single family office with controlling interests in Aston Martin Lagonda and the Aston Martin F1 team.
Before this he was a managing director of Cambridge Associates and an associate portfolio manager at Merrill Lynch Investment Managers.
Vice Holter joined the board in 2021 and has run HCP for more than a decade.
She has been contacted for comment.
Ravizza meanwhile is an investment director at HCP and a board member of various HCP portfolio companies with over 15 years of experience.
He has previously worked on strategy, corporate finance, mergers and acquisitions and restructuring projects at McKinsey, Bain, JPMorgan, AlixPartners and Alvarez&Marsal.
Avenir director
In January 2022, he became a director at Norway-listed small-scale LNG carrier owner Avenir LNG after the departure of former Hoegh LNG chief executive Sveinung Stohle to run the Angelicoussis fleet in Greece.
Leif Hoegh has been on the board since 2006 and is also chairman of Hoegh Autoliners. He will be available to step in as an alternate director at Hoegh LNG if needed.
"We welcome our two new directors and thank Martine Vice Holter for her service to the company," said Hoegh LNG chairman Morten Hoegh.
In May, the shipowner refinanced two of its floating storage and regasification units chartered to the German government.
The company said in its first-quarter earnings report that it had taken out a 10-year, $685m loan against the 170,000-cbm Hoegh Esperanza and Hoegh Gannet (both built 2018).
