First Ship Lease Trust has given the deputy chief executive role to its current chief operating officer (COO).
Roger Woods has been promoted after spending more than three years as head of operations.
FSL said: “Having considered his contribution to the Trust and experience, the board has decided to promote him as the deputy chief executive.”
The Singapore-listed company has been shuffling its management team over the past few months.
It hired Alan Mitchell as chief financial officer (CFO) in late September, a move that caused the departure of Simon Davidson from the board and coincided with the resignation of Esben Poulsson.
FSL is working on securing a refinancing package that is expected to be put in place in the next weeks.
