Peter Twiss has stepped down as CEO and president of Oldendorff Carriers after nearly 28 years at the German dry bulk owner.
Twiss, who started at Concept Carriers in 1995, moved through the ranks to become Oldendorff Carriers’ CEO in 2003.
He leaves the company after leading it to the best result in its 102-year history last year. “He wanted to leave when everything was in good order,” Oldendorff Carriers said.
“Another main reason for leaving now is that I have trained and mentored many Oldendorff employees. They have made me very proud, and I want them to have the same opportunities that I had when I was younger. By making room at the top, it gives employees a chance to move up,” Twiss added.
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Patrick Hutchins has taken over the reins after having overseen the commercial teams at Oldendorff Carriers for all trades and all different vessel sizes, most recently heading the capesize segment. He joined the company in October 1999 and was a founding board member in 2007.
“This handover is a celebration for the wonderful things Peter Twiss has achieved in his tenure as CEO at Oldendorff Carriers. He leaves the company in the best of shape, and I sincerely believe we can build on his achievements to take the company forward,” Hutchins said.