Flex LNG’s CEO, Øystein Kalleklev has resigned from his role, the company has announced.
Kalleklev joined Flex LNG in October, 2017 and was appointed CEO in August, 2018
As a result, the Board has appointed CCO Marius Foss, as interim CEO.
However, Kalleklev will be available in an advisory capacity until end of the third quarter of this year to ensure a smooth transition period.
“On behalf of the Board, I would like to express our appreciation for Øystein’s leadership and the lasting impact he has had on the company. Under his stewardship, the company has delivered strong performance and shareholder value creation.
“While we regret his decision to step down, we are grateful for his dedication and wish him all the very best in his future,” said Ola Lorentzon, Flex LNG Chairman said.
Kalleklev said: “I would like to thank everyone involved, particularly my good colleagues, for a fantastic journey with Flex LNG.
“Together during the last seven and a half years, we have built from scratch a first-class LNG shipping company, which is uniquely positioned with a substantial contract backlog and a fortress balance sheet.
“After a long stint as CEO, I do however feel it’s about time for me to move on pursuing other opportunities. Hence, I am very glad that the Board has decided to appoint Marius Foss as interim CEO.
“Marius has been instrumental in the development and implementation of Flex LNGs commercial strategy since he joined the company in 2018, so with him at the helm, Flex LNG is in very safe and capable hands,” he concluded.
Flex LNG has also advised that its 2025 Annual General Meeting will be held on 8th May, 2025.
