TMI announces that Edward Buttery, Chief Executive Officer and Executive Director of TMI, will be appointed Chief Executive Officer of its recently acquired subsidiary, Grindrod Shipping Holdings Limited (NASDAQ: GRIN; JSE: GSH) with effect from 1 April 2023, making him CEO of both companies.
Edward’s role as Grindrod CEO will be focused on achieving strategic synergies. He will be supported by Grindrod’s existing, highly experienced Senior Management Team, which will continue to be responsible for day-to-day operational aspects of Grindrod. This will enable the execution of a clear commercial strategy across both companies and create a high degree of alignment whilst respecting the interests of all stakeholders.
As before, TMI’s Executive Team will continue to manage day-to-day matters and investment strategy at TMI and support Edward in his dual CEO role.
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Commenting on the appointment, Edward said, “My focus is on delivering synergies for the TMI and Grindrod fleet through a cohesive strategy and commercial vision. We are already starting to see the benefits that greater scale brings.”
Dr. Kurt Klemme, Chairman of the Board of Directors at Grindrod Shipping said, “We look forward to working with Ed in his new role as CEO and believe the Company’s business is in good hands. We are confident that with his position as CEO of Grindrod and TMI he’ll be able to achieve the co-operation of both companies to optimize earnings potential.”
Source: Taylor Maritime International