Martin Egvang has stepped down as CEO of handysize and ultramax operator Lauritzen Bulkers with immediate effect.
The 57-year-old, who succeeded Niels Josefsen in the top job in September, said his departure is for health reasons.
“I have been experiencing increasing stress-related symptoms, which has reached an unsustainable level, and I have therefore concluded that the right thing for me is to step down as CEO of Lauritzen Bulkers,” Egvang said in a release on Friday.
