Tina Revsbech has left her position as executive vice-president of Fednav International, Canada’s largest dry bulk company.
She departs from the Montreal-headquartered company after just over three years in the role.
Chief executive Paul Pathy confirmed Revsbech’s departure to TradeWinds.
“Tina was hired 3.5 years ago with a business transformation mandate, which has been effectively completed,” he said. “Accordingly, she has decided to move back to Europe to be closer to her family.
“We are grateful for the excellent work she has done in moving our company forward, and she leaves in good standing.”
Pathy said Fednav has no immediate plans to appoint a successor for Revsbech and said it would focus on its shipping activities.
“With the recent sale of our terminal division ... we have sufficient resources to manage and develop our global shipping business, which I will oversee personally as we evaluate our needs,” Pathy told TradeWinds.
“We are fortunate to have an exceptional management team in place.”
Emails to Revsbech on Wednesday were met with an out-of-office response. She is no longer listed among the management team on Fednav’s website.
Revsbech joined Fednav in January 2020 in what at the time was considered a radical career change into bulkers, following a seasoned career in tankers.
She had previously been chief executive of BW Tankers for three years, following stints at product tanker firm Torm, Shell and Maersk Tankers.
Revsbech’s departure follows soon after the appointment of Geneva-based Frank Mortensen, who joined Fednav in February as head of strategy.
Mortensen, the former chief executive of Maersk Broker Bulk Chartering, left last June after leading the company for six-and-a-half years.
Fednav became a pure-play bulker owner in March, when it agreed to sell its port and logistics interests for $105m to Logistec Stevedoring, which is part of Toronto-listed Logistec Corp.
Fednav is controlled by the Pathy family, and the company has a modern fleet of about 120 bulkers of up to ultramax in size, of which around half are owned.
The company has 10 lakes-fitted bulker newbuildings under construction at Oshima Shipbuilding in Japan, ordered in 2021 as part of the organisation’s fleet-renewal programme. Deliveries will begin from July this year until 2025.
