{"id":33725,"date":"2023-05-17T13:25:16","date_gmt":"2023-05-17T10:25:16","guid":{"rendered":"https:\/\/www.al-sindbad.net\/shareholders-await-to-hear-what-direction-euronav-will-take-under-new-management\/33725\/"},"modified":"2023-05-17T13:25:16","modified_gmt":"2023-05-17T10:25:16","slug":"shareholders-await-to-hear-what-direction-euronav-will-take-under-new-management","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/shareholders-await-to-hear-what-direction-euronav-will-take-under-new-management\/33725\/","title":{"rendered":"Shareholders await to hear what direction Euronav will take under new management"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Euronav\u2019s annual general meeting kicks off this morning in Antwerp with shareholders keen to hear about the direction the tanker giant intends to take following the <span style=\"text-decoration: underline;\"><a href=\"https:\/\/splash247.com\/hugo-de-stoop-steps-down-as-euronav-ceo\/\" target=\"_blank\" rel=\"noreferrer noopener\">ousting of the company\u2019s CEO yesterday<\/a><\/span>.\u00a0<\/p>\n<p>Hugo De Stoop, Euronav\u2019s chief executive since Paddy Rodgers resigned in 2019, will be replaced on an interim basis by chief financial officer Lieve Logghe, it was announced yesterday.<\/p>\n<p>De Stoop backed the company\u2019s failed merger with\u00a0<span style=\"text-decoration: underline;\"><a href=\"https:\/\/splash247.com\/john-fredriksen-walks-away-from-euronav-merger\/\" target=\"_blank\" rel=\"noreferrer noopener\">John Frederiksen\u2019s Frontline<\/a><\/span>, in the process falling out with the company\u2019s other main shareholder, the Saverys family.\u00a0<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>In a note to clients yesterday, analysts at Evercore ISI wrote: \u201cIn a way, Mr. De Stoop\u2019s departure is not too much of a surprise given what has transpired with the failed merger and the re-emergence of a shareholder who is now represented by two board members and clearly has a different strategic view of the future than the management team, though the timing is odd given the AGM tomorrow and the potential for some semblance of strategic clarity through the present tanker market upturn.\u201d<\/p>\n<p>Analysts at Jefferies, meanwhile, called the departure surprising though not unexpected.\u00a0<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div class=\"stream-item-size\" style=\"\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\"><span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/belgium\/\" rel=\"tag\">Belgium<\/a><\/span><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euronav\u2019s annual general meeting kicks off this morning in Antwerp with shareholders keen to hear about the direction the tanker giant intends to take following the ousting of the company\u2019s CEO yesterday.\u00a0 Hugo De Stoop, Euronav\u2019s chief executive since Paddy Rodgers resigned in 2019, will be replaced on an interim basis by chief financial officer &hellip;<\/p>\n","protected":false},"author":1,"featured_media":33726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-33725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/33725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=33725"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/33725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/33726"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=33725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=33725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=33725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}