Paddy Rodgers to step down as Euronav CEO

FEBRUARY 4, 2019 — Tanker giant Euronav NV (NYSE: EURN) reports that Paddy Rodgers has decided to step down from his role as CEO during 2019 after 18 years of service, but will remain in his position until a successor is appointed.

“It has been a real honor and privilege to lead Euronav as CEO,” said Rodgers. “The company has progressed from a family operation with 17 vessels to the largest crude tanker company in the world with 73 vessels, listed on both Euronext and NYSE. Having now completed in full the Gener8 merger I wish to pursue other opportunities and believe it is an appropriate time to hand over the baton of leadership of a strong and best-in-class large crude tanker business. I would like to thank all of the staff at Euronav for their dedication, unwavering support and professionalism in my time at the company.”

Carl Steen, Chairman of Euronav said: “We respect Paddy’s decision to step down after transforming Euronav under his stewardship. Euronav is in a strong position with sector low leverage, substantial liquidity and operational flexibility to take on the challenges from the tanker market going forward. Euronav’s strategy remains unchanged and the board and management team look forward to building on the legacy created by Paddy.”