Chembulk Tankers named David Ellis as its new chief executive officer.

Ellis will succeed Jack Noonan who will retire after 10 years of leading the team at Chembulk Tankers.

Noonan will serve as CEO Emeritus through the rest of 2017 and will continue to advise and counsel Chembulk as part of the leadership transition.

As with Noonan, Ellis is an alumnus of the US Merchant Marine Academy in Kings Point, New York.

Ellis served over 20 years with Odfjell, with his most senior position as head of Odfjell’s terminals joint venture with Lindsay Goldberg.

His most recent experience was as chief executive of Waypoint Solutions, a Houston-based company aimed at developing midstream assets.

“I am pleased to join the Chembulk team and look forward to this new chapter," Ellis said. "We will continue growing Chembulk into the preeminent chemical parcel tanker company.”

Chembulk director Brian Dillard said, “Jack Noonan guided Chembulk during a period of dynamic change for the company and the industry. On behalf of the Board, I thank him for his service, his commitment to our business and wish him well in his future endeavors.

"We are excited to have Dave as our new CEO and are looking forward to the continued success of the business under his leadership.”

“It has been an honor and privilege to work alongside, and lead, such a dedicated team at Chembulk Tankers. It will always hold a special place in my professional life. I wish the team, the Board, and Dave every success,” Noonan said.