New York-listed Dorian LPG has expanded its board of directors to eight with the addition of former Chevron Shipping president Mark Ross.
Ross, 61, retired last spring after a 34-year career with the oil major and was succeeded by Barbara Pickering.
Ross’ appointment was hailed by Dorian chief executive John Hadjipateras in a statement to TradeWinds.
“I have a very high regard for Mark who shares the values which guide our company,” Hadjipateras said.
“His varied and extensive experience and knowledge of the energy and shipping business will contribute to the continued success of Dorian.”
A chemical engineer by training, Ross signed up with Chevron in 1990, working in its midstream, upstream and downstream businesses.
He took on the top job at Chevron Shipping in 2015, having served as vice president of operations in the four years before that.
Ross advanced through various roles in Chevron’s downstream, upstream trading and shipping divisions during his career.
Ross described it as “an honour and privilege” to have worked for the company.
“I take immense pride in what we have accomplished in transforming Chevron Shipping Co into a world-class marine organisation,” he said earlier this year.
Ross’ appointment was announced as Dorian previewed its quarterly earnings in a statement on Thursday.
The Stamford, Connecticut-based owner and operator of 25 VLGCs reported estimated time-charter equivalent revenue of between $80.7m and $82.7m for the quarter, down sequentially from the $114.4m reported in the previous quarter.
Dorian, which announced it will maintain its dividend steady at $42.8m or $1 per share, will report earnings on 31 October.
