GasLog Ltd and GasLog Partners have announced senior management and board of director changes.
Following the Group’s decision to base its senior management in Greece, Andy Orekar has decided not to relocate and will therefore step down from his position as the Partnership’s CEO on 15th September, 2020.
GasLog Partners Board has appointed Paul Wogan, currently CEO and Director of GasLog, as CEO of the Partnership, effective 16th September, 2020.
In addition, GasLog Partners has made changes to the Board. Michael Gialouris, Pamela Gibson, Peter Livanos and Andy Orekar will step down as Directors, effective immediately. GasLog has appointed Julian Metherell, currently a Director of GasLog, and Paul Wogan as Directors of the Partnership. Metherell will also become a member of the Audit Committee.
Following these changes, the Board will be reduced in size to five from seven directors.
This will result in the closing of the Group’s Stamford (Conn) office and, in conjunction with the relocation of the Partnership’s CEO role to Greece and Board size reduction, are expected to generate a total annual net cost savings of around $3 mill beginning next year.
The Group’s Head of Investor Relations, Joseph Nelson, will continue to be based in the US.
