Wilh Wilhelmsen Holding chief executive Thomas Wilhelmsen has officially inherited the shares held by his family's company after his father Wilhelm died last month.
Thomas, 45, is taking over the only voting share in family holding company Tallyman, according to an announcement with the Oslo Stock Exchange. Tallyman is the largest shareholder in Wilh Wilhelmsen Holding with a 49.8% stake.
The decision to have Thomas inherit the Tallyman share was expected, observers said.
Wilhelmsen’s death at the age of 82 came after a family dispute emerged in his company.
Several members of the Wilhelmsen family launched an effort to modernise the ownership structure of Wilh Wilhemsen, a shipping conglomerate. The move involved were relatives of Wilhelm’s brother, his two sisters and their children.
They retained financial firm Carnegie to help find a solution to increase their influence.
Wilhelm’s unexpected death was expected to delay the process. As TradeWinds reported, investor Christen Sveaas revealed in an obituary that the high-profile shipowner died by suicide.
Cathrine Lovenskiold Wilhelmsen, spokeswoman for the sides of the family that hired Carnegie, described Wilhelm’s death as “sad to hear”.
She said at the time that “business disagreements within our family right now are insignificant”.
Among its many maritime activities, Wilh Wilhelmsen Holding is a partner with Sweden's Wallenius Lines in car carrier and logistics company Wallenius Wilhelmsen.
