– GREECE, Piraeus – GasLog Ltd. (NYSE: GLOG) and GasLog Partners LP (NYSE: GLOP) today announced the appointment of Paul Wogan, currently CEO and Director of GasLog, as CEO of the Partnership, effective September 16, 2020.
This appointment follows the Group’s decision to base its senior management in Greece and consequently, the decision of Andy Orekar to not relocate and, therefore, to step down from his position as the Partnership’s CEO on September 15, 2020.
In addition, Michael Gialouris, Pamela Gibson, Peter Livanos and Andy Orekar will step down as Directors of the Partnership, effective immediately.
GasLog has appointed Julian Metherell, currently, a Director of GasLog, and Paul Wogan as Directors of the Partnership. Julian Metherell will also become a member of the Audit Committee.
Following these changes, the Board will be reduced in size to five from seven directors.
Today’s announcements will result to generate a total annualized net cost savings of approximately $3.0 million beginning in 2021. The Head of Investor Relations for the Group, Joseph Nelson, will continue to be based in the US.
Curt Anastasio, Chairman of GasLog Partners, said, “Andy’s tenure at GasLog began at the inception of GasLog Partners nearly seven years ago, and was marked by many notable accomplishments. He has been a strong leader and strategic thinker as the Partnership’s CEO during a period of challenging industry and financial market conditions. I would like to thank Andy as well as Michael, Pamela and Peter for their many contributions as Directors of GasLog Partners.”
GasLog is an international owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. GasLog’s consolidated fleet consists of 35 LNG carriers. Of these vessels, 19 (15 on the water and four on order) are owned by GasLog, one has been sold to a subsidiary of Mitsui Co. Ltd. and leased back by GasLog under a long-term bareboat charter and the remaining 15 LNG carriers are owned by the Company’s subsidiary, GasLog Partners LP. GasLog’s principal executive offices are at 69 Akti Miaouli, 18537 Piraeus, Greece.
For more information: https://www.gaslogltd.com/
About GasLog Partners
GasLog Partners is a growth-oriented master limited partnership focused on owning, operating and acquiring LNG carriers under multi-year charters. GasLog Partners’ fleet consists of 15 LNG carriers with an average carrying capacity of approximately 158,000 cbm. GasLog Partners’ principal executive offices are located at 69 Akti Miaouli, 18537 Piraeus, Greece.
For more information: https://www.gaslogmlp.com/
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