Odfjell SE appoints new CEO/President

The Board of Directors of Odfjell SE has appointed Kristian Mørch (48) as the Company's new CEO/President. He will succeed CEO/President Tore Jakobsen (64) latest by November 1^st 2015.

Mr Mørch is a Danish citizen and presently holds the position as co-CEO of Clipper Group. He has previously been COO of Maersk Tankers, and has also held other management positions in A.P. Moller-Maersk. Mr Mørch holds an MBA from IMD (Switzerland), and is an AMP graduate from Harvard Business School. He has been a member of the Board of Odfjell SE since May 2014.

Mr Mørch has more than 27 years' experience in the shipping industry of which more than 10 years has been in senior management positions.

"We are very pleased to have Kristian Mørch to lead Odfjell SE. His extensive industry experience together with excellent personal capabilities and leadership skills makes him the ideal candidate to further develop the Company." Says Chairman of Odfjell SE, Mr Laurence Odfjell.

"It is a privilege to take up the position as CEO/President of Odfjell SE. Odfjell has a strong heritage and the highest level of expertise, giving Odfjell a unique position in a very competitive global market.  I am looking very much forward to together with the team, further develop Odfjell's position as a sustainable and profitable Company". Says Kristian Mørch.

For further information please contact:
Laurence W. Odfjell, Chairman of the Board
Tel: + 47 55 27 00 00
E-mail: laurence.odfjell@odfjell.com