Canadian shipowner Algoma Central has promoted from within to find a new chief financial officer as Peter Winkley prepares to exit.

The Toronto-listed tanker and bulker owner said Winkley will retire at the end of 2024, after 14 years in the role.

Chief executive Gregg Ruhl thanked Winkley for “his dedication to the stability and sustainability” of the company, which is based in St Catharines, Ontario.