Ardmore Shipping will soon have a new man at the helm.
Reginald Jones, the Anthony Gurnee-led company's chairman since 2010, is resigning from his post as board chairman effective 31 December. He will remain as a director until the company's annual general meeting in 2019, where he will not stand for re-election.
Curtis McWilliams, a boardmember since 2016, will take his place at the first of the year.
"It has been a privilege to serve as Ardmore's Chairman since the Company's inception in 2010 and to guide the evolution of Ardmore into a truly best-in-class public shipping company," the retiring Jones said.
He is a co-founder and managing partner of Greenbriar Equity Group, Ardmore's initial investor in 2010 which left Ardmore as part of the November 2017 monetszation of its Fund II.
McWilliams is lead director of Braemar Hotels and Resorts.
He has 25 years of experience in public and private company governance and corporate finance, including as a transportation industry investment banker with Merrill Lynch & Co for 13 years and CEO of New York-listed Trustreet Properties.
He holds an MBA in finance from the University of Chicago Graduate School of Business, and a bachelors of science degree in chemical engineering from Princeton University.
"I want to express my sincere appreciation to Regg for his service to Ardmore, in particular over the past year when he has stayed on to help complete the transition from Greenbriar sponsorship to Ardmore becoming one of the few truly independent and widely-held public shipping companies," chief executive Gurnee said.
McWilliams said Ardmore is "well positioned to thrive amid the opportunities that lie ahead," including the product tanker charter rate recovery and IMO 2020-driven further firming of rates.
