Lauritzen split Bulkers and Kosan
J. Lauritzen has successfully completed its plan to establish its businesses as independent companies, Lauritzen Kosan A/S and Lauritzen Bulkers A/S. This will give flexibility for the two companies to develop their businesses as announced in conjunction with the publication of J. Lauritzen’s Annual Report for 2019.
As part of this strategy, Lauritzen Kosan and Lauritzen Bulkers have each been refinanced with long term financing from four Nordic core banks. Going forward, Thomas Wøidemann and Niels Josefsen as respective CEOs will report to newly established boards for each company. J. Lauritzen’s current General Counsel Dorte Rolf will become Managing Director of the new holding company to be named J. Lauritzen A/S. As part of the planned changes, current CEO Mads Peter Zacho will leave the Group.
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