Captain Claus Hyldager, chief executive of Inchape Shipping Services (ISS) for the last nine years, is unexpectedly leaving his post.
The maritime services group said Captain Hyldager decided to step down yesterday (4 August) without any explanation.
Inchape told IHS Maritime it would not be adding to the notice published on its website yesterday.
“Captain Claus Hyldager is now serving a period of garden leave and will assist with an orderly handover,” read the announcement.
“A special committee of the ISS board will oversee the search for a permanent CEO with the assistance of a leading executive search firm.”
In the meantime, the group’s chief financial officer, Chris Whiteside, has been appointed acting chief executive.
The board thanked Captain Hyldager for his contribution to the group over the 20 years he served in ISS.
“The board noted that during this time Captain Claus Hyldager developed a global footprint and grew the business to a true multinational market leader in maritime and cargo services, which has helped establish a solid foundation for ISS’s future,” said the statement.
Captain Hyldager began his maritime career with Danish shipping group J Lauritzen, serving as master on a variety of vessels before coming ashore in the early 1990s to become a superintendent.
He also worked as a chartered shipbroker before joining ISS in 1995. He moved to CEO from the role of chief operating officer.