Scorpio Tankers president Robert Bugbee has decided to cash out part of his stake in the company’s financial resurgence to the tune of $32.2m.
Bugbee’s sale of 500,000 shares was disclosed on Tuesday in a filing with US securities regulators. He declined to comment on the filing when contacted by TradeWinds on Wednesday.
Bugbee has led the Monaco- and New York-based company in tandem with chief executive Emanuele Lauro since its IPO on the New York Stock Exchange in 2010.
