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GasLog Ltd. Announces Changes In Senior Management

Stocks in this article: GLOG

"This is a very exciting time for the Company and I am extremely honored to be leading the team through this next phase of growth" said Paul Wogan.

The newly appointed CFO, Simon Crowe, joins GasLog from Subsea 7, an engineering, construction and services contractor to the offshore energy industry, where he served as CFO from 2009 until July 2012. Until he takes over the role of CFO in April Simon will work alongside the current CFO, Henrik Bjerregaard, to ensure a smooth transition. Subsea 7 is a global business, listed on the Norwegian Stock Exchange that employs 12,000 people and operates in over 15 countries. In 2010 to 2011 alongside the CEO, he successfully led the Acergy/Subsea 7 merger and oversaw the post-merger integration. Previously, he was with Transocean Ltd. the world’s largest offshore drilling contractor, most recently as VP Strategy and Planning and prior to that as Finance Director for Transocean’s Europe and Africa operations. Simon is a member of the Chartered Institute of Management Accountants. Henrik Bjerregaard, who has served as the Company's CFO since November 1, 2007, will continue to serve in such capacity until April 1, 2013.

Peter G. Livanos said, "I would like to thank Henrik for his contribution to the Company's growth over the last five years culminating in the Company's public listing last year. We wish Henrik all the best of success in the future. At the same time we are delighted that Simon Crowe has accepted the role of CFO. His extensive capital market experience will be of great benefit to the Company in its next stage of its evolution."

The newly appointed Executive Vice President, Operations and Strategy, Graham Westgarth joins GasLog from Teekay Shipping where he has been a member of the Teekay Senior Leadership team since February 1999. Most recently he was EVP of Innovation, Technology and Projects, which included commercial and operational responsibility for a number of FSO’s. From 2001 to 2010 he served as President, Teekay Marine Services with responsibility for 5,000 sea and shore staff and the technical management of 200 vessels. During this period he also spent a year as CEO of Teekay Petrojarl following its acquisition. Prior to Teekay, he was at Mærsk Company Limited from 1987 to 1999, the last 5 years of which were as General Manager of the Maersk UK flag fleet. Graham is the current Chairman of INTERTANKO, an industry organisation, which represents 80% of the world’s independent tanker owners and operators.

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