Chief executive Jens Ismar exits Western Bulk Carriers

Jens Ismar is departing as chief executive of Western Bulk Carriers after more than a decade with the Christen Sveaas-led company.

Talk of Ismar’s potential exit began circulating in the market earlier today and was confirmed by the Oslo over the counter quoted company this afternoon.

Ismar will be replaced by Umoe Group executive Hans Aasnaes on 1 July.

Speaking to TradeWinds this evening Ismar explained that at 62 he retained an appetite to take up another executive position in the industry.